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

J.G. Wentworth Co. has issued $58.7 million of fixed-rate asset-backed notes through J.G. Wentworth XL LLC.

The notes are collateralized largely with payments from a pool of rights arising under court-ordered structured settlement payment and annuity payment purchase contracts mainly originated by the J.G. Wentworth and Peachtree Financial Solutions companies.

The fixed-rate asset-backed notes issued include two classes of placed notes: $52.7 million of class A fixed-rate asset-backed notes that will pay 3.80% and $6.0 million of class B fixed-rate asset-backed notes that will pay 5.43%.

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