J.G. Wentworth Company (fka JGWEQ)

[The Rainmaker]

Under the terms of the agreement, the company will:
Fully extinguish the loans under the credit facility totaling $449.5 million and obtain a new secured revolving credit facility between $65 million and $70 million, to be supplied by one of the company’s lenders
Significantly reduce the company’s annual debt service from $32 million to less than $5 million
Deleverage the company’s balance sheet, reducing its net leverage from approximately 12.4x to less than 1.0x