Abacus Life offers up to $60 million $25-par notes due 2028

Chicago, Sept. 18 – Abacus Life, Inc. is offering up to $60 million fixed-rate senior notes due Sept. 20, 2028, according to an S-1 filing with the Securities and Exchange Commission.

There will be a greenshoe for over-allotments.

The $25-par notes will be callable at par quarterly starting Sept. 30, 2025.

If there is a change of control, the notes will be putable at par.

Piper Sandler & Co. is the bookrunner.

U.S. Bank Trust Co., NA will be the trustee.

Locke Lord LLP is advising Abacus and Alston & Bird LLP is counsel for the underwriter.

Proceeds will be used to refinance debt and for general corporate purposes.

The company intends to list the notes on the Nasdaq within 30 days of the original issue date.

Based in Orlando, Fla., Abacus is an alternative asset manager that invests in inforce life insurance products throughout the lifecycle of an insurance policy.

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