Specialty finance company J.G. Wentworth completed a $252 million securitization backed by structured settlement and annuity backed receivables.
The deal consisted of two issued classes of notes: $208 million of Class A notes rated 'Aaa' by Moody’s Investors Service and $26.5 million of Class B notes rated 'A2' by Moody’s. A residual class worth $17.2 million was retained by the firm. Deutsche Bank was the sole lead manager and bookrunner of the transaction.