DRB Financial Solutions Closes on a $50M Credit Facility

DELRAY BEACH, Fla., March 4, 2015 /PRNewswire/ -- DRB Financial Solutions, LLC (DRB) is pleased to announce that it has closed on an additional $50,000,000 in long-term financing for its personal injury litigation advance business (pre-settlement funding) unit. DRB now has $100 million of multi-year committed capital for its pre-settlement funding businesses. Over the last 9 months, DRB has closed on over $700,000,000 in multi-year financing to support its various business units. 

"We were able to quickly conclude this transaction with a major international bank. They understand and see the value of our business and were keen to help us with our pre-settlement growth initiatives," said Jason Sutherland, Capital Markets Director for DRB.

"This is a watershed moment for DRB and US Claims," said Robert Rigal, Chief Operating Officer, "as it will allow us to further accelerate our pre-settlement originations across the country as we continue to diversify our sources of revenue."  US Claims, one of the country's most established and well respected pre-settlement funding companies, was acquired by DRB in 2014.   

About DRB Financial Solutions, LLC: The DRB Financial Solutions family of companies is a leading purchaser of annuity payments and other illiquid cash flows. DRB offers liquidity and optionality to prospective sellers in need of cash who have guaranteed or life contingent structured settlements, annuities and/or investment annuities. DRB is also a leading provider of advances to personal injury victims and their families. 

Contact: Mark Mruz
[email protected] / 561-982-3000

SOURCE DRB Financial Solutions, LLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED