CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company (together with its consolidated subsidiaries,
the Company) (OTCQX: JGWE) today announced an agreement, with lenders
(the Lenders) holding over 87% of the aggregate principal amount
outstanding under the Companys $449.5 million senior secured credit
facility (the Credit Facility), to significantly deleverage the
Company. The agreement, under which current Lenders have agreed to
exchange their claims under the Credit Facility for cash consideration
and at least 95.5% of the equity in the newly-restructured Company, will
enable the Company to enhance its financial flexibility, fortify its
balance sheet…
Read the full article at: http://www.businesswire.com/news/home/20171109006680/en/J.G.-Wentworth-Company-Announces-Consensual-Restructuring-Agreement