secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Asset Backed Credit Co LLC (—)
CIK:        0002000597
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001193125-24-135401
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo Asset Backed Credit secures $50M seed investment, adopts operating and trademark agreements
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- Received $50M seed investment from Apollo subsidiary via 2M E Shares at $25/share; repurchase right at NAV subject to liquidity.
- Entered Operating Agreement with Apollo Manager for advisory services; management fees range from 0.75% to 1.00% of NAV.
- Entered Trademark License Agreement with Apollo IP Holdings for use of 'APOLLO' name.
- Amended and Restated LLC Agreement sets shareholder rights and business scope.
- E Shares issued in private offering exempt under Section 4(a)(2) and Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/0001193125-24-135401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/d812027d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-135401

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