Apollo Asset Backed Credit Co LLC

0002000597 --12-31 false 0002000597 2026-04-24 2026-04-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2026 Apollo Asset Backed Credit Company LLC (Exact name of registrant as specified in its charter) Delaware 000-56622 93-3760466 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 9 West 57th Street , 42nd Floor , New York , NY 10019 (Address of principal executive offices) (Zip Code) (212) 515-3200 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: None Title of each class Trading Symbol(s) Name of each exchange on which registered Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement Operating Agreement On April 24, 2026, Apollo Asset Backed Credit Company LLC (the “Company”) entered into a Fourth Amended and Restated Operating Agreement (the “Fourth A&R Operating Agreement”) with Apollo Manager, LLC (the “Manager”), which amended and restated the Company’s Third Amended and Restated Operating Agreement, dated as of February 28, 2025. The amendment and restatement effects certain changes, including the additions of I (Acc) Shares and F-I (Acc) Shares (each of which are described further in Item 5.03 of this Current Report on Form 8-K). The Manager is a wholly-owned subsidiary of Apollo Asset Management, Inc. (together with its subsidiaries, “Apollo”) and an affiliate of the Company. The foregoing summary description of the Fourth A&R Operating Agreement does not purport to be complete and is qualified in its entirety by reference to the Fourth A&R Operating Agreement, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. Item 3.02 Unregistered Sales of Equity Securities. As of April 1, 2026, Apollo Asset Backed Credit Company LLC (the “Company”) issued and sold the following unregistered shares of the Company (with the final number of shares being determined on April 24, 2026) to third party investors for cash (unless otherwise noted): Type Number of Shares Sold Aggregate Consideration Series I A-I Shares 48,018 $ 1,210,000 F-I Shares 60,755 $ 1,540,000 F-S Shares - $ - P-I Shares - $ - P-S Shares - $ - E Shares - $ - T-I Shares 66,467 $ 1,700,000 T-S Shares 43,310 $ 1,105,000 I Shares 102,645 $ 2,617,745 S Shares - $ - Series II A-I Shares 118,830 $ 3,010,000 F-I Shares (1) 344,965 $ 8,798,237 F-S Shares - $ - P-I Shares - $ - P-S Shares 45,374 $ 1,162,500 E Shares - $ - T-I Shares 266,367 $ 6,881,965 T-S Shares 214,365 $ 5,502,895 I Shares 607,908 $ 15,659,525 S Shares 349 $ 9,000 BD Shares 326,814 $ 8,432,625 (1) Includes an aggregate of 125,287 shares that were exchanged from 126,063 of Series I F-I Shares. The offer and sale of shares above were exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2), including Regulation D (for sales to accredited investors) and/or Regulation S (for sales to non-U.S. investors outside of the United States) thereunder. Item 5.03 Amendments to Articles of Incorporation or Bylaws. On April 24, 2026, the Company executed its Fifth Amended and Restated Limited Liability Company Agreement (the “Fifth A&R LLCA”), which amended and restated the Company’s Fourth Amended and Restated Limited Liability Company Agreement, dated as of February 28, 2025. The amendment and restatement effects certain changes, including the additions of I (Acc) Shares and F-I (Acc) Shares, as described in further detail below. I (Acc) Shares I (Acc) Shares are being offered to select investors of the Apollo Asset Backed Credit Company LLC - Series II, a registered series of the Company (“I (Acc) Investors”) as determined in the sole discretion of the Company or the Dealer Manager. I (Acc) Shares have equal rights and privileges with the Company’s A-I Shares, A-II Shares, BD Shares, E Shares, F-I Shares, F-I (Acc) Shares, F-S Shares, I Shares, P-I Shares, P-S Shares, S Shares, T-I Shares and T-S Shares, except that F-S Shares, P-S Shares, S Shares and T-S Shares pay a sales load, may be subject to a dealer manager fee, and pay an annual distribution fee and a shareholder servicing fee; A-I Shares, A-II Shares, BD Shares, E Shares, F-I Shares, F-I (Acc) Shares, I Shares, I (Acc) Shares, P-I Shares, and T-I Shares do not pay a sales load, dealer manager fees or distribution fees or servicing fees; and as compared to the aforementioned share types, A-I Shares, A-II Shares, E Shares, F-I Shares, F-I (Acc) Shares and F-S Shares pay a lower or no management fee, as applicable. I (Acc) Shares will be subject to the same management fee as BD Shares, I Shares, P-I Shares, P-S Shares, S Shares, T-I Shares and T-S Shares. Holders of the I (Acc) Shares are not entitled to nominate, remove or participate in the appointment of directors of the Company. It is expected that shareholders that subscribe for I (Acc) Shares will, in lieu of receiving cash distributions, have the profits and losses associated with shares reflected in the Net Asset Value (defined below) per share of such type of share. F-I (Acc) Shares F-I (Acc) Shares are being offered to select investors of the Apollo Asset Backed Credit Company LLC - Series II, a registered series of the Company (“F-I (Acc) Investors”) as determined in the sole discretion of the Company or the Dealer Manager. F-I (Acc) Shares have equal rights and privileges with the Company’s A-I Shares, A-II Shares, BD Shares, E Shares, F-I Shares, F-S Shares, I Shares, I (Acc) Shares, P-I Shares, P-S Shares, S Shares, T-I Shares and T-S Shares, except that F-S Shares, P-S Shares, S Shares, and T-S Shares pay a sales load, may be subject to a dealer manager fee, and pay an annual distribution fee and a shareholder servicing fee; A-I Shares, A-II Shares, BD Shares, E Shares, F-I Shares, F-I (Acc) Shares, I Shares, I (Acc) Shares, P-I Shares and T-I Shares do not pay a sales load, dealer manager fees or distribution fees or servicing fees; and as compared to the aforementioned share types, A-I Shares, A-II Shares, E Shares, F-I Shares, F-I (Acc) Shares and F-S Shares pay a lower or no management fee, as applicable. F-I (Acc) Shares will be subject to the same management fee as F-I Shares and F-S Shares. Holders of the F-I (Acc) Shares are not entitled to nominate, remove or participate in the appointment of directors of the Company. It is expected that shareholders that subscribe for F-I (Acc) Shares will, in lieu of receiving cash distributions, have the profits and losses associated with shares reflected in the Net Asset Value (defined below) per share of such type of share. The foregoin