The J.G. Wentworth Company® Successfully Completes Financial Restructuring
Company emerges financially stronger, poised for sustained growth following plan confirmation
Through its Plan, the Company fully extinguished
“Today, we have reached the final milestone in the restructuring process,” said
The efficient completion of the reorganization process reflects the Company’s alignment with its Lenders. Lenders have exchanged their claims under the Company’s extinguished credit facility for cash consideration and at least 95.5 percent of the equity in the newly-restructured Company.
Throughout the reorganization process the Company has remained steadfast in delivering business results.
The Company will retain its leadership team which remains committed to delivering financial solutions that can meet a number of consumer needs.
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 ),
For more information about the Company, visit www.jgwentworth.com .
The Glover Park Group
Becky Nelson, 202-295-0139