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

What Happened
Apollo Asset Backed Credit Company LLC filed an 8-K (signed Sept. 25, 2026) announcing the issuance of unregistered shares to third-party investors (sales occurred as of Sept. 1, 2026, final counts determined Sept. 25), the operating manager’s determination of transactional net asset value (NAV) per share as of Aug. 31, 2026, and declared cash or reinvestable distributions payable to holders of record Sept. 30, 2026 (to be paid on or about Oct. 28, 2026). The share sales were conducted under exemptions to registration (Section 4(a)(2), Regulation D and/or Regulation S).

Key Details

• Unregistered share sales (examples): Series I F-I 35,597 shares for $900,000; Series I I 105,410 shares for $2,680,150; Series II I 501,403 shares for $12,833,517; Series II F-I 122,667 shares for $3,106,080; Series II BD 182,433 shares for $4,676,500. Final share counts were set Sept. 25, 2026. (Some shares reflected exchanges of Series I into Series II per footnotes.)
• Transactional NAVs (per share as of Aug. 31, 2026): ranged roughly from $24.80 (Series II E) to $25.81 (Series II P‑I); typical NAVs are near $25.10–$25.70 depending on share class.
• Distributions declared (per share): Series I amounts generally ranged from $0.0880 to $0.1268; Series II ranged from about $0.1174 to $0.1646. Record date is Sept. 30, 2026; payment on/about Oct. 28, 2026; shareholders may receive cash or reinvest via the company’s DRIP.
• Filing signed by CFO Robert Rossitto; additional NAV details provided in Exhibit 99.1.

Why It Matters
For investors, this filing shows capital raising activity (unregistered share sales) and provides the per‑share transactional NAV used for new share sales — key for pricing and valuation of share classes. The declared distributions and their record/payment dates affect near‑term cash flows or reinvestment decisions for holders. The regulatory exemption note (Section 4(a)(2)/Reg D/Reg S) indicates these were private placements to accredited and/or non‑U.S. investors rather than registered public offerings.