Apollo Infrastructure Co LLC Boosts Credit Line to $500M, Sells Shares

What Happened

• Apollo Infrastructure Company LLC filed an 8-K on August 25, 2026 reporting three material items: an increase to its revolving credit facility, the private sale of unregistered shares to third‑party investors, and publication of transactional net asset values (NAVs) used to price share sales.
• On August 21, 2026 the Company’s indirect subsidiaries (the Borrowers) increased available credit under the revolving credit agreement dated January 12, 2026 by $100 million, bringing total commitments to $500 million. The facility matures January 12, 2029 (unless extended or accelerated). Sumitomo Mitsui Banking Corporation serves as administrative agent/lead arranger; U.S. Bank Trust Company, N.A. is collateral trustee.
• The Company issued and sold unregistered Series I and Series II shares (initial issuance date August 3, 2026; final numbers determined August 25, 2026) to third‑party investors for cash, and the operating manager determined transactional NAVs per share as of July 31, 2026 on August 25, 2026.

Key Details

• Revolving credit: increased by $100,000,000 on Aug 21, 2026 to a total aggregate principal amount of $500,000,000; maturity Jan 12, 2029; facility retains an uncommitted accordion feature allowing increases in minimum $25M increments.
• Unregistered share sales (as of Aug 3, 2026; final on Aug 25, 2026): total ~1,368,931 shares issued for aggregate cash proceeds of approximately $40,553,794 (Series I and Series II across A‑II, F‑I, and I share classes). Sales were exempt from registration under Section 4(a)(2), including Regulation D and/or Regulation S.
• Transactional Net Asset Value per share (as of July 31, 2026, determined Aug 25, 2026):
  • Series I: A‑II $28.95; F‑I $28.41; E $29.46; I $28.35; S $28.32 (no F‑S or A‑I outstanding).
  • Series II: A‑II $29.82; F‑I $29.26; E $30.36; I $29.23; S $29.20.
• Other material terms of the credit agreement remain unchanged.

Why It Matters

• Liquidity and flexibility: the $100M increase to a $500M revolving facility gives the company’s operating subsidiaries more borrowing capacity and an available accordion to expand commitments, which can support operations, capital spending or acquisitions without immediate equity issuance.
• Financing and dilution: the private sale of ~1.37M shares raised ~ $40.6M in cash. These unregistered issuances are exempt offerings (Reg D/Reg S); investors should note the potential for share count increases and how that may affect per‑share metrics.
• Pricing context: the disclosed transactional NAVs (per share pricing as of July 31, 2026) show the price levels used for share sales and provide current reference points for investors evaluating valuation and future share transactions.