secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2026-07-02T20:05:46+00:00
Accession:  0001628280-26-046875
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Global Management adds $75M incremental term loans; director resigns
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- Incremental term loans of $75M added, raising total credit facility to $225M.
- Interest rate set at SOFR + 5.25%, with stepdown to 5.00% if leverage targets met.
- Maturity December 10, 2030; prepayment premium of 1% if prepaid within 12 months.
- Director Sean McNealy resigns effective June 30, 2026, due to planned retirement; remains as advisor.
- At amendment date, $148.125M was outstanding under the facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000162828026046875/0001628280-26-046875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000162828026046875/abl-20260629.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-046875

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer