Abacus Life Offers $25M Notes, Secure Top Market Spot

Abacus Life Announces Pricing of $25 Million Public Offering

Abacus Life (NASDAQ: ABL; ABLLL), a leading market maker and asset manager in the life insurance sector, has announced the pricing of its public offering of $25 million in additional 9.875% notes due in 2028. This new issuance, which is expected to close on February 15, 2024, will be treated as a single series with the existing notes issued last November, bringing the total outstanding notes to $60.65 million.