Imperial Holdings, Inc. Announces New Structured Settlements Purchase Agreement for up to $40 Million
Imperial Holdings, Inc. (NYSE: IFT), a specialty finance company with a focus on providing liquidity solutions on individual life insurance policies and purchasing structured settlement payments, today announced that Washington Square Financial, LLC, a wholly-owned subsidiary of Imperial, entered into a forward purchase and sale agreement to directly sell up to $40.0 million of life contingent structured settlement receivables to Compass Settlements LLC, an entity managed by Beacon Annuity Fund, LP (“Beacon”), the financing counterparty under the Company's existing life contingent structured settlement receivables facility.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.