RADNOR, Pa.--(BUSINESS WIRE)--The J.G. Wentworth Company®  (NYSE: JGW), a diversified consumer financial services company, today announced that it has sold, through a private placement, up to $110.8 million of structured settlement, lottery and annuity payment streams. The assets are payments from pools of rights arising under court ordered structured settlement payments, court ordered lottery payments, and annuity payment purchase contracts primarily originated by the J.G. Wentworth and Peachtree Financial Solutions companies.

Deal Terms

“This private placement totals $110.8 million and is comprised of two asset pools. The first pool consisted of $50.8 million which closed on June 17, 2016 and generated over $18 million of net cash after paying off warehouse facilities,” said Scott Stevens, Executive Vice President and Chief Financial Officer, J.G. Wentworth. The second pool of up to $60 million is scheduled to close in the Third Quarter of this year and will generate additional cash at that time. “We are pleased with our most recent private placement as the economics are favorable compared to our last transaction and it shows we have access to multiple avenues to sell assets,” said Stevens.

Stewart A. Stockdale, Chief Executive Officer, J.G. Wentworth added, “J.G. Wentworth will continue to find new avenues for funding in addition to our traditional ABS platform. The most recent activity both demonstrates our flexibility in the funding markets and continues to provide the business with adequate levels of liquidity.”

About The J.G. Wentworth Company®

The J.G. Wentworth Company® is a diversified consumer financial services company. The Company is focused on providing direct-to-consumer access to financing needs through a variety of solutions, including: mortgage lending and refinancing, personal lending, structured settlements payment purchasing, and prepaid cards. Through the J.G. Wentworth, Peachtree Financial Solutions, and Olive Branch Funding brands, the Company is the leading purchaser of structured settlement payments.

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.jgw.com