JG Wentworth Company, LLC, a portfolio company of Axar Capital Management LP (Axar), has entered into a new credit facility, the proceeds of will be used to refinance the company’s existing indebtedness and fund its continued growth initiatives in debt resolution and personal lending. The financing transaction closed on September 7, 2023.
Latham & Watkins LLP represented the direct lenders in the financing with a team led by partners Jesse Sheff and Matthew Hays, with associates Michael Waldman, Austin Bowman, and Eric Dang. Advice was also provided on restructuring matters by partner James Ktsanes; on payments matters by partner Parag Patel; on uniform commercial code matters by partner Brian Rock; and on tax matters by partner Jocelyn Noll.
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