CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company® (J.G. Wentworth or the Company) today
announced it has successfully completed its reorganization in
coordination with its lenders (Lenders), pursuant to the Companys
Joint Prepackaged Chapter 11 Plan of Reorganization that was confirmed
by the U.S. Bankruptcy Court for the District of Delaware on January 17,
2018 (the Plan). The Company continued operations without interruption
throughout the brief, in-court restructuring process.
Through its Plan, the Company fully extinguished $449.5 million in
principal of outstanding debt, while securing a new revolving credit
facility of approxi…
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