Peachtree Settlement Funding
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Peachtree Closes $200 Million Credit Facility
Boynton Beach, FL – June 20, 2007: Peach Holdings, Inc. (“Peachtree”) announces the closing of a $200 Million credit facility for acquisition of structured legal settlements. This marks the second substantial credit facility closed on by Peachtree this month.
The Structured Settlement business acquires structured legal settlements and annuities from individuals desiring access to future payment streams. This credit facility will allow Peachtree to purchase approximately $350 Million in deferred payments.
“Peachtree has once again successfully accessed the capital markets which will help fuel the company’s continued growth. The confidence the market places in the company’s reputation has enabled Peachtree to secure this facility at very favorable terms,” commented Peachtree CEO, Jim Terlizzi.
About Peachtree Settlement Funding
Peach Holdings, Inc., a Florida corporation, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding and Peachtree LBP Finance Company (together, “Peachtree”). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and sports contract payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information contact Dori Erann at (866) 730-4418. Peachtree’s corporate website address is www.peachholdings.com.
