Abacus Life closes $150M senior secured term loan with Sagard and Värde

Abacus Global Management, Inc.

Initial $100M drawn at close; additional $50M delayed draw available subject to conditions.
Facility priced at SOFR + 5.25% (stepdown to SOFR + 5.00% upon meeting EBITDA/leverage targets).
Proceeds to fund life settlement purchases, working capital, and general corporate purposes.
CEO states facility eliminates need for near-term incremental equity raise.
Matures 6 years from initial funding with quarterly amortization of 1% p.a. plus EBITDA-based payments.

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