Peachtree Life Settlements Renews Life Settlement Facilities

Peachtree Life Settlements announces that it has recently renewed two credit facilities for the acquisition of life settlements. Together, these credit facilities total $500 million and allow for the acquisition of approximately $900 million of policy death benefits.

Sergio Salani, a Senior VP with Peachtree, said, “We are very pleased to renew these credit facilities. The financing afforded by these facilities will help us continue to increase our life settlement originations.”

According to Jim Terlizzi, Peachtree’s CEO, “These transactions are another indication of the capital markets’ belief in Peachtree and the assets we originate. This is all the more flattering in light of the state of world credit markets.”

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 life insurance policies, structured legal settlements, 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 Dori Erann at 866-730-4418. Peachtree’s corporate website address is www.peachholdings.com.