Apollo Asset Backed Credit Company LLC filed a Form 8-K on October 26, 2026, disclosing the company's Transactional Net Asset Value (NAV) as of September 30, 2026, and outlining a new share repurchase program.
The company reported a total Transactional Net Asset Value of approximately $1.996 billion as of September 30, 2026. This figure is calculated by adjusting GAAP Net Asset Value to recognize shareholder servicing fees and distribution fees on a monthly basis, exclude certain deferred tax liabilities, and amortize organizational expenses over 60 months. The total NAV per share was $25.32, with specific NAVs varying by share class, ranging from a low of $24.63 for Series II E Shares to a high of $25.70 for V Shares.
In a separate transaction, the company issued and sold unregistered shares to third-party investors on October 1, 2026, with the final number of shares determined on October 26, 2026. The aggregate consideration for these sales was approximately $23.2 million, primarily involving Series II F-I Shares.
The company also announced a share repurchase plan. Apollo Asset Backed Credit intends to repurchase up to 5.0% of the aggregate Transactional Net Asset Value per calendar quarter for each Series. Shareholders wishing to participate must submit requests by Monday, November 9, 2026, with payments expected on Monday, November 16, 2026.
Additionally, the company declared distributions for Series I and Series II shareholders. The distributions are payable to holders of record at the close of business on October 31, 2026, with payments scheduled for around November 30, 2026. The per-share distribution amounts vary by class, with Series II E Shares receiving the highest distribution at $0.1698.
