Reuters logo
BRIEF-GWG Holdings increases long-term credit facility to $300 mln
September 29, 2017 / 1:17 PM / 3 months ago

BRIEF-GWG Holdings increases long-term credit facility to $300 mln

Sept 29 (Reuters) - GWG Holdings Inc

* GWG Holdings increases long-term credit facility to $300 million

* GWG Holdings Inc says increased its senior credit facility from $172 million to $300 million to cover premium payments over next decade

* GWG Holdings - terminated credit facility with DZ Bank and redeemed its outstanding series I secured notes and series A preferred stock

* GWG Holdings- 10 year credit facility amends facility to create capacity to finance future premium payments on life insurance assets in co’s portfolio ​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below