Peachtree Secures $45 Million Facility for Life Insurance Premium Finance

Boynton Beach, FL - June 19, 2007: Peach Holdings, Inc. ("Peachtree") announces the closing on the first tranche of a $45 Million credit facility for use in its growing life insurance premium finance business. This credit facility will be used as part of the firm's Senior Leverage Policy Ownership ("SLPO") business. The SLPO business works with individuals and their estate planners to use the leveraged ownership of life insurance as part of an estate planning solution. This credit facility will allow Peachtree to finance approximately $650 million in life insurance benefits. Commenting on the closing, Jim Terlizzi, Peachtree's CEO said: "Once again, our company has been able to confirm the institutional support of the financial community." Ernest Jordan, Peachtree Senior Vice President and Head of Life Finance, adds, "I am very pleased with this transaction and look forward to the completion of the second part. Peachtree's SLPO business fills an important need in the senior insurance market allowing individuals to finance their premiums instead of liquidating other performing assets. This facility will provide us the opportunity to continue to expand this portion of the Peachtree business."

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 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.

(Sources: Settlement Funding, LLC, Accounting/Servicing Department; Life Settlement Corporation Annual Report filings with the Florida Office of Insurance Regulation)

 

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