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JGWPT Holdings Inc. Announces Pricing of its Initial Public Offering
RADNOR, Pa.—November 8, 2013—(BUSINESS WIRE)–JGWPT Holdings Inc. (“JGWPT”) (NYSE: JGW) today announced the pricing of its initial public offering of 9,750,000 shares of Class A common stock at $14.00 per share. The underwriters have a 30-day option to purchase up to an additional 1,462,500 shares of Class A common stock solely to cover over-allotments, if any.
JGWPT is expected to begin trading on the New York Stock Exchange (the “NYSE”) on November 8, 2013 under the symbol “JGW.”
Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Jefferies LLC, and Keefe, Bruyette & Woods, Inc. are acting as joint book-running managers, with JMP Securities LLC and Stephens Inc. acting as co-managers. Moelis & Company LLC acted as financial advisor to JGWPT.
A copy of the prospectus relating to the Class A common stock can be obtained, when available, from the prospectus department of Barclays Capital Inc. by telephone at 1-888-603-5847, or by email at email@example.com; Credit Suisse Securities (USA) LLC by telephone at 1-800-221-1037, or by email at firstname.lastname@example.org; Deutsche Bank Securities Inc. by telephone at 1-800-503-4611, or by email at email@example.com; Jefferies LLC by telephone at 1-877-547-6340, or by email at firstname.lastname@example.org; or Keefe, Bruyette & Woods, Inc. by telephone at 1-800-966-1559, or by email at email@example.com.
JGWPT provided the NYSE with additional information upon which the NYSE relied to list the Class A common stock. Such information is included in JGWPT’s listing application and is available to the public upon request.
A registration statement relating to the Class A common stock has been filed with and declared effective by the U.S. Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Class A common stock in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
About JGWPT Holdings Inc.
JGWPT focuses on key sectors, including structured settlement payment purchasing, annuity payment purchasing, lottery payment purchasing and pre-settlement funding. Through its two market leading and highly recognizable brands, J.G. Wentworth and Peachtree Financial Solutions, JGWPT has purchased over $9.1 billion of future structured settlement payment streams from its customers since 1995.
For more information about JGWPT, visit www.jgwpt.com or use the contact information provided below.