---
title: "Abacus Global Management Adds $75 Million Incremental Term Loans, Total Facility $225 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291584925.md"
description: "Abacus Global Management amended its credit agreement to add $75 million in incremental term loans, raising the total facility to $225 million. Led by GLAS USA, the secured term loan matures on Dec 10, 2030, with interest at SOFR plus 5.25%. The amendment aims to increase borrowing capacity and enhance liquidity, with $148.125 million outstanding as of the effective date."
datetime: "2026-07-02T20:13:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291584925.md)
  - [en](https://longbridge.com/en/news/291584925.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291584925.md)
---

# Abacus Global Management Adds $75 Million Incremental Term Loans, Total Facility $225 Million

Abacus Global Management entered into a First Amendment to its Credit Agreement to add $75 million of incremental term loans, bringing the total term loan commitments to $225 million. The amended facility, led by GLAS USA as administrative and collateral agent, matures on Dec 10, 2030, with quarterly amortization and interest at term SOFR plus 5.25% (stepdown to 5.00% upon meeting leverage and EBITDA metrics). Undrawn DDTL amounts incur a commitment fee, and the incremental term loans carry a 1.00% prepayment premium if repaid within 12 months. As of the amendment date, $148.125 million was outstanding.

**Agreement details:**

-   **Agreement type**: Secured term loan credit facility amendment with $75 million incremental term loans
-   **Counterparty**: GLAS USA, as Administrative Agent and Collateral Agent, and other lenders
-   **Signed / Effective**: Jun 29 2026 / same
-   **Duration / Termination**: Matures Dec 10 2030
-   **Reason**: Increase borrowing capacity and enhance liquidity

Original SEC Filing: Abacus Global Management, Inc. \[ ABX \] - 8-K - Jul. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [ABX.US](https://longbridge.com/en/quote/ABX.US.md)
- [ABXL.US](https://longbridge.com/en/quote/ABXL.US.md)
- [ABL.US](https://longbridge.com/en/quote/ABL.US.md)
- [ABLLW.US](https://longbridge.com/en/quote/ABLLW.US.md)
- [ABLLL.US](https://longbridge.com/en/quote/ABLLL.US.md)

## Related News & Research

- [Abacus Global Management, Inc. (NYSE:ABX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages](https://longbridge.com/en/news/295247937.md)
- [Abacus Global 10% owner Matthew Ganovsky disposes of 38,333 common shares valued at $395,414.23](https://longbridge.com/en/news/295019246.md)
- [Abacus CEO Jay Jackson appears on Fox Business to discuss $124 trillion wealth transfer](https://longbridge.com/en/news/294962944.md)
- [Verrica Pharmaceuticals closes credit facility for up to $27.5 million with entity controlled by Chairman Paul Manning](https://longbridge.com/en/news/295136525.md)
- [Psyched Wellness enters secured term loan notes for US$230,000 with Gotham Green Fund III](https://longbridge.com/en/news/294972408.md)