Abacus Life Closes $150 Million Debt Financing Facility to Support Continued Growth [Yahoo! Finance]
Abacus Life, Inc. - Class A (ABL)
Company Research
Source: Yahoo! Finance
manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, announced today that it has successfully closed a $150 million debt financing facility. The facility was structured to offer flexible terms, with the goal of ensuring that Abacus is well positioned to meet its long-term strategic objectives. The financing was arranged and led by Sagard, with Värde Partners holding a significant commitment. “We are excited to close this debt financing facility, which represents a major step forward for Abacus Life,” said Jay Jackson, CEO of Abacus Life. “This funding provides us with sufficient capital to meet our inventory demand and ensures that we will not need to raise incremental equity in the foreseeable future. It empowers us to continue growing our business and strengthen our position as an industry leader. We are confident that this facility will play a critical role in our continued success as we expand our capabilities
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ABL
Earnings
- 11/7/24 - Beat
ABL
Analyst Actions
- 10/24/24 - Northland Securities
ABL
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 8-K
- 12/16/24 - Form 4
- ABL's page on the SEC website