JGWPT Holdings Completes $204 Million Securitization

Radnor, PA (PRWEB) December 13, 2011

Subsidiaries of JGWPT Holdings, LLC have completed a joint $ 204 million securitization of notes backed by structured settlement and fixed annuity payments.

JGWPT Holdings, LLC is the parent holding company of several consumer finance businesses, most notably J.G. Wentworth Originations and Peachtree Settlement Funding. These two independent originators are two of the most well-known brands that purchase structured settlement payments in exchange for a lump sum of cash. This latest securitization is comprised of payment streams purchased by both of these subsidiaries.

J.G. Wentworth was the first issuer to securitize structured settlement payment streams in the asset-backed markets in 1997. Since then, J.G. Wentworth has issued 24 securitizations backed by structured settlement and fixed-annuity receivables totaling over $ 3 billion. Peachtree Financial was also an active issuer of asset backed bonds backed by structured settlement payment streams and completed seven securitizations from 2004 to 2010 totaling more than $ 700 million.

This most recently completed $ 204 million securitization consisted of two issued classes of notes: $ 174 million of Class A notes rated Aaa by Moodys Investors Service and AAA by DBRS and $ 16 million of Class B notes rated Baa2 by Moodys Investors Service BBB by DBRS and a Residual Class of $ 14 million which was retained by the issuer. Jefferies acted as co-lead arranger and bookrunner and Barclays Capital acted as co-lead arranger.

According to JGWPT Chief Investment Officer Stefano Sola, This was our first joint securitization of J.G. Wentworth LLC and Peachtree Financial originated product under a single parent holding company. The pricing and demand for the transaction reflects the confidence of institutional investors in the new, joint securitization program.

He added that, this second asset-backed transaction in 2011 saw continued interest from traditional J.G. Wentworth and Peachtree investors, but also from a number of new institutional investors to this space. Mr. Sola said, We have continued to broaden our institutional investor base over the years and continue to do so. This is highlighted by the incremental investor interest given current, volatile market conditions.

Mr. Sola said, The transaction was completed in a very challenging market environment characterized by uncertainty and volatility, which, we believe, further validates the strength of this asset class within the broader asset backed market.

David Miller, Chief Executive Officer of JGWPT said, J.G. Wentworth and Peachtree Financial have completed a total of six asset-backed transactions since the beginning of 2010. We believe this continuity underscores our commitment to continued access to the market and providing institutional investors with a stable flow of bonds backed by structured settlement and annuity payment streams in the future.

About the JGWPT Holdings, LLC Family of Companies

JGWPT Holdings, LLC, based in Radnor, PA and Boynton Beach FL, through its specialty finance subsidiaries, is a leading buyer of deferred payments from illiquid financial assets such as structured settlements and fixed annuities. Since 1992, JGWPTs subsidiary companies and their predecessors have purchased over $ 7 billion of future payment obligations from consumers.

For more information about JGWPT Holdings, LLC, visit http://www.jgwpt.com.


Immediate Capital Completes $160M Phrase Financial debt Securitization

Portsmouth, NH (PRWEB) February 11, 2013

Immediate Cash Company, a foremost provider of tools leasing, organization financial loans, and doing work funds, announced right now that it has accomplished a $ 163 million phrase securitization of products lease backed notes. This financing will be used to help the companys quick new organization growth and to decrease the volume of borrowings excellent underneath the companys numerous credit rating facilities.


The transaction was a non-public providing manufactured to qualified institutional purchasers pursuant to Rule 144A underneath the Securities Act of 1933, as amended. The organization issued 5 courses of notes, which ended up rated AA to BB by Normal and Poors. DBRS rated the senior notes AAA. Immediate Capital Funding IV, LLC, a particular-purpose entity wholly owned by Immediate Cash, served as issuer. Guggenheim Securities acted as the preliminary purchaser of the notes.


This transaction strengthens our balance sheet and our capacity to deploy capital to the critically underserved small company population, mentioned Direct Capitals Main Economic Officer Dawn Gillette. Its a real affirmation of Immediate Capitals monitor record as a top enterprise lender.


Mrs. Gillette and Direct Funds thanked their partner, Guggenheim Securities, for their contributions to this profitable transaction.


About Direct Cash&#13

Set up in 1993, Immediate Cash (http://www.directcapital.com) provides financing for small- to mid-ticket products and technology purchases, operating cash, and enterprise loans. The company is headquartered in Portsmouth, N.H. and operates workplaces in New York, California, and Ga. You can follow Immediate Cash on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank weblog at http://site.directcapital.com/.


About Guggenheim Companions &#thirteen

Guggenheim Partners is a privately held world-wide economic services organization with more than $ one hundred sixty billion in belongings beneath administration. The organization offers asset management, investment decision banking and funds marketplaces companies, insurance policies, institutional finance, and expenditure advisory remedies to establishments, governments and companies, businesses, expense advisors, family workplaces, and folks. Guggenheim Companions is headquartered in New York and Chicago and serves clients close to the world from more than 25 offices in 8 international locations. For much more info about Guggenheim Companions, visit guggenheimpartners.com.