DRB Financial Solutions Closes $600M Financing

DELRAY BEACH, Fla., Oct. 7, 2014 /PRNewswire/ -- DRB Financial Solutions, LLC, a liquidity solutions company that caters to individuals and small/medium size businesses, is pleased to announce that they have closed on a multi-year $600M funding facility for annuity payments including life contingent annuities.

Jim Terlizzi, DRB's Executive Chairman, said, "It is extremely gratifying that the capital markets have shown such confidence in our business. This is a major accomplishment for DRB and we are very pleased to have a new long-term financial partner. This facility funds our annuity purchasing activities for several years and allows us to focus on the execution of our strategy instead of worrying about financing constraints. This arrangement will allow DRB to continue its growth in the annuity monetization space and will also free up our capital markets team to work on business development activities."

DRB's Interim CEO, Antony Mitchell, added, "This is truly a milestone for DRB and one that the capital markets team worked on tirelessly. Particular kudos to our new Director of Capital Markets, Jason Sutherland, for helping get this accomplished. This arrangement greatly simplifies the funding of annuity payment streams and, importantly, DRB's financial reporting. We are very pleased to have gotten this done before the first anniversary of DRB's formation."

Over 10,000 people turn 65 years old each day; many of these people have or will have liquidity preferences that are ill-served by annuities purchased decades before and have only recently reached the "pay-out" phase. DRB helps people monetize their annuity payments, in whole or in part, to meet current needs/desires.

DRB is a leading purchaser of structured legal settlements and other annuity payments in addition to owning one of the leading litigation funding companies in the country, US Claims, through which DRB assists people involved in pending personal injury litigations/claims.

About DRB Financial Solutions, LLC: DRB Financial is a leading purchaser of structured settlement and annuity payments and other types of receivables through its DRB Capital (www.drbcapital.com) and USClaims (www.usclaims.com) brands. DRB offers liquidity and optionality to individuals in need of cash who have guaranteed or life contingent structured settlements, annuities or pending personal injury claims.

Contact: Mark Mruz
[email protected] / 954-815-3229

SOURCE DRB Financial Solutions, LLC

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