10/31/2024 | Press release | Distributed by Public on 10/31/2024 15:03
Item 1.01 |
Entry into a Material Definitive Agreement. |
Operating Agreement
On October 25, 2024, Apollo Asset Backed Credit Company LLC (the "Company") entered into a Second Amended and Restated Operating Agreement (the "Second A&R Operating Agreement") with Apollo Manager, LLC (the "Manager"), which amended and restated the Company's Amended and Restated Operating Agreement, dated as of June 28, 2024. The amendment and restatement effects certain changes, including the addition of T-SShares and T-IShares (which shares 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 Second A&R Operating Agreement does not purport to be complete and is qualified in its entirety by reference to the Second A&R Operating Agreement, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated herein by reference.
Dealer Manager Agreement
On October 25, 2024, the Company entered into a Second Amended and Restated Dealer Manager Agreement ("Second A&R Dealer Manager Agreement") with Apollo Global Securities, LLC (the "Dealer Manager"), an affiliate of Apollo and the Company, to account for the authorization and the addition of T-SShares and T-IShares (which shares are described further in Item 5.03 of this Current Report on Form 8-K).
The foregoing summary description of the Second A&R Dealer Manager Agreement does not purport to be complete and is qualified in its entirety by reference to the Second A&R Dealer Manager Agreement, a copy of which is included as Exhibit 10.2 to this Current Report on Form 8-Kand incorporated herein by reference.