UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
Operating Agreement
On October 1, 2025, PIMCO Asset-Based Lending Company LLC (the “Company”) entered into an Amended and Restated Operating Agreement (the “A&R Operating Agreement”) with Pacific Investment Management Company LLC (“PIMCO”), which amended and restated the Company’s Operating Agreement, dated as of June 12, 2025. The amendment and restatement effects certain changes, including the addition of Anchor III Shares, the removal of Class D Shares and other administrative changes.
The foregoing summary description of the A&R Operating Agreement does not purport to be complete and is qualified in its entirety by reference to the 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.
Dealer Manager Agreement
On September 29, 2025, the Company entered into an Amended and Restated Dealer Manager Agreement (“A&R Dealer Manager Agreement”) with PIMCO Investments LLC (the “Dealer Manager”), an affiliate of PIMCO and the Company. The A&R Dealer Manager Agreement modifies the previous Dealer Manager Agreement to include the Anchor III Shares and reflect other administrative changes.
The foregoing summary description of the A&R Dealer Manager Agreement does not purport to be complete and is qualified in its entirety by reference to the A&R Dealer Manager Agreement, a copy of which is included as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 3.02 | Unregistered Sales of Equity Securities. |
On September 1, 2025, the Company issued and sold the following unregistered shares of the Company (with the final number of shares being determined on September 26, 2025) to third party investors for cash:
| Type | Number of Shares Sold |
Aggregate Consideration |
||||||
| Series I |
||||||||
| Anchor II Shares |
4,957 | $ | 50,000 | |||||
| E Shares |
19,791 | 200,000 | ||||||
| Series II |
||||||||
| Anchor I Shares |
3,000,003 | $ | 30,365,413 | |||||
| Anchor II Shares |
2,060,452 | 20,839,336 | ||||||
| E Shares |
2,700,204 | 27,360,000 | ||||||
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 8.01 | Other Events. |
Net Asset Value
On September 26, 2025, PIMCO, in its capacity as the operating manager of the Company, determined the net asset value (“Net Asset Value”) per share, being the price at which sales of the Company’s shares are made, of the following types of the Company’s shares as of August 31, 2025:
| Type | Net Asset Value per Share |
|||
| Series I |
||||
| Anchor II Shares |
$ | 10.09 | ||
| E Shares |
10.11 | |||
| Series II |
||||
| Anchor I Shares |
$ | 10.12 | ||
| Anchor II Shares |
10.11 | |||
| Anchor III Shares |
10.13 | |||
| E Shares |
10.13 | |||
As of September 26, 2025, there were no Anchor I, Anchor II-B, Standard A or Standard B Shares outstanding for Series I and no Anchor II-B, Standard A or Standard B Shares outstanding for Series II.
The Net Asset Value of the Company’s outstanding shares is also available on its websites at https://pimco.com/palcoseriesi or https://pimco.com/palcoseriesii, as applicable, but the contents of the websites are not incorporated by reference in or otherwise a part of this Current Report on Form 8-K.
For additional information, please see additional details included in Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Description | |
| 10.1 | Amended and Restated Operating Agreement | |
| 10.2 | Amended and Restated Dealer Manager Agreement | |
| 99.1 | Net Asset Value as of August 31, 2025 | |
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL | |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PIMCO ASSET-BASED LENDING COMPANY LLC | ||
| By: | /s/ Jason Mandinach | |
| Name: | Jason Mandinach | |
| Title: | Principal Executive Officer | |
Date: October 2, 2025