Peachtree Increases Credit Facility for Structured Settlement & Annuity Purchasing to $250 Million

2008-07-25 00:07:07 -

www.settlementfunding.com - Peachtree is pleased to report that it has closed on the renewal and extension of a sizable credit facility for term financing for the purchase of structured legal settlement payments and annuities. The facility now totals $250 million - a $50 million increase - and has been extended for an additional year. "We are very gratified that the capital markets recognize the nature of the receivables we originate. The combination of near zero correlation to other assets and market conditions, zero convexity, virtually bullet-proof origination procedures and high organic credit quality is compelling, and the capital markets recognize this even in the current environment," said Hasham Malik, Peachtree's Chief Capital Markets Officer.

Lori Wengatz, Vice President and the head of Peachtree's structured settlements and annuities purchasing division commented, "This facility increase and extension gives us the flexibility and capacity to execute on our growth plans for the next 12 months. We are particularly pleased to have accomplished this given the significant dislocations in capital markets presently reverberating throughout the world."

About Peachtree

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 settlements payments, 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 Howell Edwards at (866) 916-3822. Peachtree's corporate website address is www.peachholdings.com.

Peach Holdings, Inc., Boynton Beach
Howell Edwards, 866-916-3822