J.G. Wentworth Company (fka JGWEQ)

[pj McMulligan]

JG Wentworth says $110.8 mln through private placement
BY Reuters
— 4:37 PM ET 06/17/2016
June 17 (Reuters) - Jg Wentworth Co
* The J.G. Wentworth Company ( JGW ) announces $110.8 million structured settlement, lottery and annuity payments fixed rate asset sale
* Private placement totals $110.8 million and is comprised of two asset pools
* First pool consisted of $50.8 million which closed on June 17, 2016 and generated over $18 million of net cash
* Second pool of up to $60 million is scheduled to close in Q3 of this year and will generate additional cash at that time
* Will continue to find new avenues for funding in addition to traditional abs platform
* Assets are payments from pools of rights arising under court ordered structured settlement payments, court ordered lottery payments
* Assets also include annuity payment purchase contracts primarily originated by J.G. Wentworth ( JGW
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