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J.G. Wentworth announces fixed-rate asset-backed securitization

J.G. Wentworth Co. has issued $144.2 million of fixed-rate asset-backed notes through J.G. Wentworth XXXIX LLC.

The notes are collateralized mainly 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.

The issue consists of two classes of placed notes: $128.5 million of class A fixed-rate asset-backed notes that will pay 3.53% and $15.7 million of class B fixed-rate asset-backed notes that will pay 5.09%.

Barclays was the sole structuring adviser and book-running manager. Rewire Securities acted as co-lead manager.