{"url_path":"/sec/abx/8-k/2026-07-02/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/1814287/0001628280-26-046875-index.html","accession_number":"0001628280-26-046875","cik":"0001814287","ticker":"ABX","issuer_name":"Abacus Global Management, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1814287/0001628280-26-046875-index.html","primary_entity_key":"0001814287","primary_entity_name":"Abacus Global Management, Inc."},"word_count":503,"has_tables":true,"body_markdown":"Item 1.01 Entry into a Material Definitive Agreement\n\nOn June 29, 2026 (the “Amendment Date”), Abacus Global Management, Inc. (the “Company”) entered into the First Amendment to Credit Agreement, dated as of June 29, 2026, by and among the Company, the lenders thereto, and GLAS USA LLC as Administrative Agent and as Collateral Agent (the “Amendment”) to that certain Credit Agreement dated as of December 10, 2024 (the “Credit Agreement,” and as amended by the Amendment, the “Amended Credit Agreement”), by and among the Company, as borrower, GLAS USA LLC, as the administrative Agent and the collateral agent and the lenders party thereto. Under the Amendment, certain lenders have agreed to provide additional loans in the form of incremental term loans (the “Incremental Term Loans”) in the aggregate principal amount of $75,000,000, resulting in a\n\ntotal aggregate principal amount outstanding (when taken together with the initial loans on the original closing date (the “Initial Term Loans”)) under the Amended Credit Agreement of $225,000,000.\n\nOther than increasing the total aggregate principal amount available, all other material terms of the Credit Agreement remain materially the same. Any amounts drawn under the Amended Credit Agreement, including any amounts drawn under the Credit Agreement’s optional delayed draw term loans (“DDTL”), mature on December 10, 2030, with quarterly amortization payments of (i) 1.00% per annum of (a) in the case of the Initial Term Loans, the aggregate principal amount of the initial facility outstanding as of the Credit Agreement’s closing date of December 10, 2024, (b) in the case of the Incremental Term loans, the aggregate principal amount of the incremental facility outstanding as of the applicable funding date and (c) in the case of the DDTL facility, to the extent borrowed, the aggregate principal amount of the funded DDTL and (ii) additional amortization payments based on the Company’s consolidated adjusted EBITDA, in each case with the remaining outstanding principal amount due on the maturity date. The interest rate under the Amended Credit Agreement remains based on an adjusted term Secured Overnight Financing Rate (“SOFR”), calculated as term SOFR plus a fixed rate of 5.25% per annum with a stepdown to 5.00% if the Company achieves certain metrics related to Consolidated Adjusted EBITDA and Total Leverage Ratios. In addition, undrawn amounts committed under the DDTL Facility bear a commitment fee until such commitments are drawn or cancelled. The Incremental Term Loan may be prepaid at any time in amounts of $1.0 million or greater, subject to a premium equal to 1.00% of the amount prepaid if prepaid prior to the 12-month anniversary of the funding date of the Incremental Term Loans.\n\nAt the Amendment Date, the company had $148,125,000 in aggregate principal amount outstanding under the Amended Credit Agreement.\n\nThe foregoing description of the Amendment does not purport to be complete, and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference."}