J.G. Wentworth Company (fka JGWEQ)

[John Kent]

HUGE NEWS !!!!!!!!!!!!!!!!!!!![color=red]The J.G. Wentworth Company® Announces $144.2 Million Fixed Rate Asset Backed Securitization[/color]


The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (OTCQX:JGWE), today announced that it has issued through J.G. Wentworth XXXIX LLC, $144.2 million of Fixed Rate Asset Backed Notes. The notes are collateralized primarily by payments from a pool of rights arising under court ordered structured settlement payment and annuity payment purchase contracts primarily originated by the J.G. Wentworth® and Peachtree Financial Solutions® companies.

“This represents the 46th securitization for J.G. Wentworth and its predecessors, and we are pleased with the execution,” said Katerina Cozza, Interim Chief Financial Officer, J.G. Wentworth.

“This placement demonstrates continued demand for our product across new and returning investors,” Stewart A. Stockdale, Chief Executive Officer of J.G. Wentworth added. “The strong engagement from our investor base is a reflection of the consistent and predictable returns provided through our securitization program.”

Deal Terms

The issue consists of two classes of placed notes: $128.5 million Class A Fixed Rate Asset Backed Notes that will pay 3.53%, and $15.7 million Class B Fixed Rate Asset Backed Notes that will pay 5.09%. The notes are rated AAA (DBRS) and Aaa (Moody’s); and BBB (L) (DBRS) and Baa2 (Moody’s), respectively.

Barclays was the Sole Structuring Advisor and Book-Running Manager. Rewire Securities acted as the Co-Lead manager.

https://www.otcmarkets.com/stock/JGWE/news/The-J-G--Wentworth-Company-reg--Announces--144-2-Million-Fixed-Rate-Asset-Backed-Securitization?id=166918&b=y