---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-050657"
form_type: "8-K"
ticker: "ABX"
cik: "0001814287"
company_name: "Abacus Global Management, Inc."
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:15:01.742819+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-050657
- form_type: 8-K
- ticker: ABX
- cik: 0001814287
- company_name: Abacus Global Management, Inc.
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814287/000162828024050657/0001628280-24-050657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814287/000162828024050657/abl-20241210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-050657
- JSON: https://secwatch.observer/filing/0001628280-24-050657.json
- Plain text: https://secwatch.observer/filing/0001628280-24-050657.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.