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Press Releases
May 8, 2008 : Peachtree Renews $140 Million Credit Facility for Structured Settlements & Annuities
BOYNTON BEACH, Fla. - Peachtree announces that it has recently renewed a $140 Million credit facility for the acquisition of structured legal settlement payments and annuities.
Sergio Salani, a Senior VP with Peachtree, said, “We are very pleased to renew this credit facility. At such a turbulent time in the credit markets, this renewal comes as a vote of confidence in Peachtree and the asset types that we originate.”
According to Jim Terlizzi, Peachtree’s CEO, “The trust the financial industry has put in Peachtree will allow us to continue to grow this key aspect of our business.”
About Peachtree
Peach Holdings, Inc., a Florida corporation, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding and Peachtree LBP Finance Company (together, “Peachtree”). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured settlements payments, annuity payments, lottery prize payments, sweepstakes awards and sports contract payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information contact Dana Peller at 1-866-931-2683. Peachtree’s corporate website address is www.peachholdings.com.
