~ Dual-tranche structure and investment-grade rating reflect a maturing securitization platform ~
~ Transaction was oversubscribed and upsized amid strong demand from institutional fixed income investors ~
~ Closing advances Abacus's shift toward recurring, fee-related revenue ~
ORLANDO, Fla., September 25, 2026--(BUSINESS WIRE)--Abacus Global Management, Inc. ("Abacus" or the "Company") (NYSE: ABX), a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced the closing of a dual-tranche securitization collateralized by a diversified portfolio of life insurance policies. The total structure is valued at over $400 million including the Class A and Class B notes and the residual interest. The notes have received an investment-grade rating from a third-party rating agency. The offering was oversubscribed and was upsized in response to investor demand.
Abacus expects to use the net proceeds from the transaction to support continued policy origination and fund general corporate purposes. More fundamentally, this transaction advances the growth of the Company's asset management business. In the transaction, a special-purchase vehicle issued investment-grade notes backed by a pool of policies, which the Company continues to service through its affiliates. The securitization expands assets under management and advances the Company's shift towards a larger share of revenue from recurring, fee-related earnings rather than transactional gains. Abacus's integrated origination, underwriting, and servicing platform is what allows the Company to connect these assets with institutional capital markets.
Elena Plesco, Chief Investment Officer, said, "This is a platform strategy, not a financing strategy. By packaging longevity-based assets into formats that institutional fixed income investors can own, we broaden and diversify our investor base, deepen the distribution channels available to our Asset Group, and build a durable, management fee driven revenue base, all while continuing to turn our balance sheet multiple times per year."
Jay Jackson, Chairman and Chief Executive Officer, added, "This is the largest securitization to date for Abacus. The investment-grade rating and the demand we saw from institutional investors confirm something we've believed for a long time. There's a deep market for longevity-based assets among the largest fixed income buyers in the world. That validation matters as much as the deal itself, and it tells us the path we're on is the right one. I also want to thank the entire Abacus team for the work that made this closing possible."