Apollo Asset Backed Credit Reports Net Asset Value and Declares Distributions

Apollo Asset Backed Credit Company LLC filed a Current Report on Form 8-K on September 25, 2026, disclosing the sale of unregistered equity securities and the declaration of distributions for its Series I and Series II shares. The filing details a series of transactions involving various share classes, with the final number of shares determined on September 25, 2026.

Under Item 3.02, the Company reported sales of unregistered shares to third-party investors. The transactions included the sale of 35,597 F-I Shares for $900,000 and 40,507 T-I Shares for $1,032,688. Additional sales included 39,183 T-S Shares for $996,000, 105,410 I Shares for $2,680,150, and 2,936 S Shares for $75,000. Sales for Series II included 122,667 F-I Shares for $3,106,080, 25,540 P-S Shares for $650,000, and 501,403 I Shares for $12,833,517. The filing notes that the offer and sale of shares were exempt from registration under the Securities Act of 1933, pursuant to Section 4(a)(2), including Regulation D and Regulation S.

Item 8.01 provides details on the Transactional Net Asset Value (NAV) per share as of August 31, 2026. The NAV per share for the total outstanding shares was $25.13. The filing breaks down the NAV by class, with Series II P-I Shares having the highest NAV per share at $25.81 and Series II E Shares having the lowest at $24.80. The total Transactional Net Asset Value was reported as $1,975,868, based on 77,683,187 outstanding shares. The filing also includes a reconciliation showing that GAAP Net Asset Value was $1,962,771, adjusted by $13,097 for accrued shareholder servicing and distribution fees.

The Company also declared distributions on its outstanding shares for Series I and Series II. The distributions, payable to holders of record at the close of business on September 30, 2026, with payment expected on or about October 28, 2026, vary by share class. For Series I, the A-I Shares received $0.1035 per share, while F-I Shares received $0.1004. For Series II, the A-I Shares received $0.1430 per share, and the F-I Shares received $0.1393. The filing notes that distributions may be paid in cash or reinvested in shares for shareholders participating in the Company's distribution reinvestment plan.