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GWG Holdings completes deal with The Beneficient

GWG Holdings Inc. has completed its strategic transaction with The Beneficient Co. LP and other associated parties, according to a company release.

Upon closing of the transaction, GWG Holdings holds 40,505,279 Beneficient common units and a $193 million aggregate principal amount commercial loan to Beneficient.

Additionally, GWG Holdings issued 27,013,516 of its common shares at $10 apiece as well as seller trust L bonds having an aggregate principal amount of $367 million.