Golden Pear Funding Closes $55.0 Million Corporate Note Financing
Jan 12, 2022
Golden Pear Funding (Golden Pear), a national leader in pre-settlement legal funding, announced the closing of a $55.0 million investment-grade rated, Senior Secured Corporate Note financing. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. Proceeds will be used by the company to restructure existing debt and support additional growth of the business.
Since inception, Golden Pear has funded over $735 million in aggregate to more than 62,000 clients nationwide.
"This transaction gives Golden Pear the financial flexibility to continue building the best independent, specialty finance platform serving the consumer litigation marketplace," stated Gary Amos, Chief Executive Officer of Golden Pear. "It was made possible by the strong performance of our business, driven by industry-leading innovation, our team, and the products we deliver with a continued focus on service for attorneys, providers, and their clients."
Daniel Amsellem, Chief Financial Officer of Golden Pear, added, "Our capital strategy continues to be an important point of competitive differentiation for Golden Pear. We are pleased that this transaction has reduced our cost of capital and attracted a diversified group of institutional capital partners to the company."
Brean Capital, LLC served as the company's exclusive financial advisor and sole placement agent in connection with the transaction.
About Golden Pear Funding
Founded in 2008, Golden Pear is one of the largest specialty finance companies in the United States funding legal matters and purchasing medical receivables from physicians and medical centers. The company empowers its clients to navigate the legal system and provides them with financial solutions that work. Golden Pear is backed by a partnership of several private equity firms that allow for the stability and continued institutional growth of the firm. For additional information about the company, visit https://goldenpearfunding.com.
Contact:
Gary Amos
CEO | Golden Pear Funding
[email protected]
Press Release Service by Newswire.com
Original Source: Golden Pear Funding Closes $55.0 Million Corporate Note Financing
More News
Six Flags Closes Multiple Rides After Death on Georgia Roller Coaster
One rider died and several others were injured at Six Flags Over Georgia, the police said. The company said it was temporarily closing nine rides in the U.S. and Canada as a precaution.
UK growth forecast upgraded but higher energy prices to hit economy next year
The prediction from the IMF comes as final preparations are being made for the first Budget under Prime Minister Andy Burnham.
Phase Eight and Hobbs owner hit by cyber-attack, as H&M probes separate hack claim
TFG London has apologised to customers for disruption after it identified a "cybersecurity incident" on Sunday.
Hillary Clinton Steps to the Podcast Mic as Midterms Approach
With “High Stakes,” Mrs. Clinton is teaming up with “Pivot” co-host Kara Swisher to break down the consequential battle for the House and the Senate.
How Climate Change Is Causing ‘the Gentrification of Seafood’
As environmental forces make fishing and harvesting more costly, the price of once-everyday fish has ballooned.
States Now Have to Decide How to Spend Meta’s Settlement Billions
Previous agreements with the tobacco and opioid industries show the difficulty of putting the money in the right hands.
Cost of living struggles inspire 'social supermarket'
New social supermarket offers cheaper groceries with dignity and choice.
I.M.F. Warns Mideast War Will Widen Gap Between Rich and Poor Countries
Persistent conflicts, high energy costs and technological upheavals will slow global growth and raise prices, the organization forecast.
Airfares Have Spiked. Is the Death of Spirit Airlines to Blame?
In the wake of the ultra-low-cost carrier’s closure, and with the cost of fuel and labor rising, domestic fares have become less competitive. But there are ways to parry higher prices.
Foreign diplomats embrace China's livestream commerce
Foreign diplomats embrace China's livestream commerce
Dating app Bumble in $1bn takeover talks, say reports
The dating app which recently ditched its "women-first" chat rule could be bought by an investment firm.
Chinese vice premier meets with Apple executive chairman
Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, met with Tim Cook, executive chairman of the board of directors of Apple Inc., at the Great Hall of the People in Beijing on Monday.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.