Apollo Asset Backed Credit Co creates BD share class with temporary management fee waiver through Oct 2025

Apollo Asset Backed Credit Co LLC

New BD Shares offered to select BD Investors; no sales load, dealer manager, or distribution/servicing fees.
BD Shares pay no management fee through Oct 31, 2025, then 1.00% per annum (same as S and I Shares).
T-S, T-I, P-S, P-I shares also exempt from management fee through Oct 31, 2025, then same rate.
Fourth Amended and Restated LLC Agreement executed Feb 28, 2025 adding BD Shares and updating fee terms.
Third Amended and Restated Share Repurchase Plan amended to include BD Shares.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Apollo Asset Backed Credit Co LLC: Execution of Fourth Amended and Restated Limited Liability Company Agreement adding BD Shares and updating terms for T-S, T-I, P-S, and P-I shares (effective 2025-02-28).

Change: charter amendment
Effective: 2025-02-28

Exact text from the filing

On February 28, 2025, the Company executed its Fourth Amended and Restated Limited Liability Company Agreement (the “Fourth A&R LLCA”), which amended and restated the Company’s Third Amended and Restated Limited Liability Company Agreement, dated as of October 25, 2024.

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Source: SEC EDGAR

accession 0001193125-25-042981

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