Abacus Life issues $31M of 9.875% senior notes due 2028; Piper Sandler underwrites

Abacus Global Management, Inc.

Underwriting agreement with Piper Sandler for $31M principal; option for additional $4.65M.
Notes bear 9.875% fixed rate, mature 2028; expected to list on Nasdaq under symbol ABLLL.
Net proceeds to refinance outstanding debt under July 5, 2023 Credit Agreement with Owl Rock Capital and for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Abacus Global Management, Inc. entered into Underwriting Agreement with Piper Sandler & Co., as representative of the several underwriters valued at $31 million aggregate principal amount (effective 2023-11-02).

Action: entry
Agreement: underwriting
Counterparty: Piper Sandler & Co., as representative of the several underwriters
Value: $31 million aggregate principal amount
Effective: 2023-11-02

Exact text from the filing

On November 2, 2023, Abacus Life, Inc., a Delaware corporation (the “Company”), entered into an Underwriting Agreement (the “Underwriting Agreement”) with Piper Sandler & Co., as representative of the several underwriters named in Exhibit A thereto (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Company $31 million aggregate principal amount of the Company’s 9.875% Fixed Rate Senior Notes due 2028 (the “Notes”).

View on SEC.gov

Browse all material agreements →

Abacus Global Management, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-271461

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.