Abacus life, inc. prices public offering of $31.0 million 9.875% notes due 2028

Orlando, fla., nov. 03, 2023 (globe newswire) -- abacus life, inc. (“abacus” or the “company”) today announced that it has priced an underwritten public offering of $31.0 million in aggregate principal amount of its 9.875% notes due 2028 (the “notes”). the notes will bear interest at a rate of 9.875% per year. the company has granted the underwriters an option to purchase up to an additional $4.65 million in aggregate principal amount of notes solely to cover overallotments, if any. the offering is expected to close on november 10, 2023, subject to customary closing conditions. piper sandler & co., ladenburg thalmann & co. inc. and insperex llc are serving as joint book-running managers for the offering. a.g.p. / alliance global partners is serving as co-manager for the offering.
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