Financing ·
Abacus Global Management raises $75M in incremental term loans, boosting total debt to $225M
ABXAbacus Global Management, Inc.
Abacus Global Management, Inc. entered into a First Amendment to Credit Agreement on June 29, 2026, which provided $75,000,000 in incremental term loans, increasing the total aggregate principal amount outstanding under the Amended Credit Agreement to $225,000,000. The interest rate is based on a term Secured Overnight Financing Rate (SOFR) term SOFR plus 5.25% per annum, with a stepdown to 5.00% based on EBITDA and leverage ratios. Additionally, director Sean McNealy is resigning from the board effective June 30, 026, due to retirement. Abacus Global Management, Inc. operates in the financial management industry and provides management services.