Apollo Asset Backed Credit Co LLC Issues Shares, Sets NAV, Declares Distributions

What Happened

• Apollo Asset Backed Credit Company LLC filed an 8‑K on August 25, 2026. The company reported the transactional net asset value (Transactional NAV) per share as of July 31, 2026, disclosed the sale of various unregistered shares to third‑party investors (sales initiated as of August 1, 2026 with final counts set August 25, 2026), and declared distributions for Series I and Series II shares payable in late September 2026.
• Transactional NAV examples: Series I I Shares $25.43, Series I T-S $25.44, Series II I Shares $25.61, Series II BD Shares $25.65. The NAVs set the sale price for new share purchases.
• The unregistered offerings were made under exemptions to the Securities Act (Section 4(a)(2), Regulation D and/or Regulation S). The filing was signed by CFO Robert Rossitto.

Key Details

• Unregistered share sales (selected): Series I I Shares — 77,392 shares for $1,968,350; Series I T-S — 25,947 shares for $660,000. Series II I Shares — 513,838 shares for $13,158,322; Series II F‑I — 220,989 shares for $5,599,298; Series II BD — 16,682 shares for $427,850.
• Transactional NAV per share (selected): Series I range around $24.89–$25.50 across share types; Series II range around $24.82–$25.68. Full NAV table is included in Exhibit 99.1 and on the company website.
• Distributions declared (per share): Example — Series I A‑I $0.1045, Series II A‑I $0.1447; Series I I $0.0965, Series II I $0.1358; BD distribution only for Series II $0.1360. Record date: August 31, 2026. Payment date: on or about September 28, 2026. Distributions payable in cash or reinvested under the company’s DRIP.

Why It Matters

• Transactional NAVs determine the price investors pay for new shares; small NAV differences across share classes can affect purchase costs and reinvestment values.
• The disclosed unregistered share sales show recent capital raising activity and which share classes attracted investor demand (noting larger Series II I‑share sales).
• Declared distributions give income to current shareholders (cash or reinvestment) and the record/payment dates are relevant for investors planning to receive or reinvest those payments.
• All forward‑looking language in the filing is qualified by standard risk disclaimers; the NAV and distribution data are factual as of the dates stated.