Apollo Asset Backed Credit Company LLC has entered into an Amended and Restated Operating Agreement with Apollo Manager, LLC, revising its prior Operating Agreement. Additionally, the company has issued unregistered shares, including A-I Shares, F-I Shares, F-S Shares, P-I Shares, and P-S Shares, to third parties for cash totalling $27,500. Moreover, it has made amendments to its Limited Liability Company Agreement to include P-S Shares and P-I Shares, offering them until June 30, 2025, to designated clients. There are sales, management fees, and shareholder service fees differences between share types. Shareholders of P Shares cannot nominate or remove directors. Furthermore, the company has amended its Share Repurchase Plan to accommodate the new P Shares.
Names Listed: - Apollo Asset Backed Credit Company LLC - Apollo Manager, LLC - Apollo Asset Management, Inc. - Apollo Global Securities, LLC - Robert Rossitto (Chief Financial Officer)