Abacus completes life-insurance securitization exceeding $400 million
Abacus Global Management ($ABX) completed a securitization backed by life-insurance policies with a total structure exceeding $400 million. The transaction includes senior Class A notes, Class B notes and a residual interest. The company said the financing received an investment-grade rating and expands its ability to fund its life-settlement asset platform. Abacus intends to use the financing to support policy origination and general corporate purposes, while affiliated businesses continue prov
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