Emergent Capital Inc. (fka EMGCQ)

[Enterprising Investor]

Capital raise on the horizon.

Refinancing as Part of Plan to Exit Bankruptcy May Result in Adverse Terms

We are in the process of securing financing needed to pay off the White Eagle Revolving Credit Facility as part of our plan to exit the bankruptcy process, but there can be no assurance that we will be able to do so upon favorable terms or at all. The terms of any such financing we are able to obtain may require that we relinquish ownership or control of some of White Eagle’s portfolio of life insurance policies, and may have other adverse results. If we are not able to secure such financing within the time periods set forth in the exit plan, we would not be able to pay off the White Eagle Revolving Credit Facility as planned and we could lose White Eagle’s portfolio, which serves as collateral under the White Eagle Revolving Credit Facility, leaving us with extremely limited assets and revenues.

https://www.sec.gov/Archives/edgar/data/1494448/000149444819000053/emergent2q19form10-q.htm