THE J.G. WENTWORTH COMPANY® ANNOUNCES $201.2 MILLION FIXED RATE ASSET BACKED SECURITIZATION

March 20, 2018
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CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”), today announced that it has issued through J.G. Wentworth XLI LLC, $201.2 million of Fixed Rate Asset Backed Notes. The notes are collateralized primarily by payments from a pool of rights arising under court ordered structured settlement payment and annuity payment purchase contracts primarily originated by the J.G. Wentworth® and Peachtree Financial Solutions® companies.

“We are very excited about the continued strong investor demand which represents a combination of existing and new investors. Based on the initial note size, our 48th securitization was 7+ times over-subscribed on Class A and 10+ times over-subscribed on Class B. The expanded new investor participation further proved the solid performance of our securitization program and our ability to access the capital markets on a consistent basis. We are extremely pleased with the execution of this placement,” said Katerina Cozza, Interim Chief Financial Officer, J.G. Wentworth.

“This placement solidifies how valued our bonds are in the financial markets with an offering size and product performance that is highly demanded by our investors,” Stewart A. Stockdale, Chief Executive Officer of J.G. Wentworth added. “We are pleased that our bonds continue to provide institutional investors with a reliable and dependable asset class.”

Deal Terms

The issue consists of two classes of placed notes: $181.0 million Class A Fixed Rate Asset Backed Notes that will pay 3.74%, and $20.2 million Class B Fixed Rate Asset Backed Notes that will pay 4.70%. The notes are rated Aaa (Moody’s); and Baa2 (Moody’s), respectively.

Barclays was the Sole Structuring Advisor and Book-Running Manager. Rewire Securities acted as the Co-Lead manager.

About The J.G. Wentworth Company®

The J.G. Wentworth Company® is focused on providing direct-to-consumer access to financing solutions through a variety of avenues, including: mortgage lending and refinancing, structured settlement, annuity and lottery payment purchasing, prepaid cards, and access to providers of personal loans.

Mortgage loans are offered by J.G. Wentworth Home Lending, LLC NMLS ID # 2925 (www.nmlsconsumeraccess.org), 3350 Commission Court, Woodbridge, VA 22192; 888-349-3773.

For more information about The J.G. Wentworth Company®, visit www.jgwentworth.com or use the information provided below.