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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • J.G. Wentworth To Make IPO 0 comments
    Oct 7, 2013 10:52 AM

    Originally published at

    J.G. Wentworth, a specialty finance company that focuses on structured settlements, is planning an initial public offering, according to sources with close knowledge of the situation. Though the offering could change, the company is looking to raise approximately $300M and would be known JGWPT, which was formed in 2011 with the merger of J.G. Wentworth with Peachtree Financial Solutions. J.G. Wentworth filed for bankruptcy in 2009 and most recently this year borrowed $425M to finance a dividend payment to its owners at JLL Partners. Some key personnel have been replaced this year, including a new CFO John Schwab and new controller Roger Gasper. Banks that are likely to be involved in the offering include Barclays, Credit Suisse, and Deutsche Bank.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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