Golden Pear Funding (Golden Pear), a national leader in pre-settlement legal financing, announced the closing of a $55.0 million senior secured corporate note financing. The transaction was rated BBB by a nationally recognized statistical rating organization. The proceeds will be used by the company to restructure existing debt and support further business growth.
Since its inception, Golden Pear has funded over $735 million in total for over 62,000 customers nationwide.
“This transaction gives Golden Pear the financial flexibility to continue building the best independent specialty finance platform serving the consumer litigation market,” said Gary Amos, Managing Director of Golden Pear. “This has been made possible by the strong performance of our business, driven by cutting-edge innovation, our team and the products we offer with a focus on serving lawyers, vendors and their clients.”
Daniel Amsellem, Chief Financial Officer of Golden Pear, added: “Our capital strategy continues to be an important competitive differentiator for Golden Pear. We are delighted that this transaction has reduced our cost of capital and brought a diverse group of institutional partners into the company. »
Brean Capital, LLC acted as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.
About Golden Pear Funding
Founded in 2008, Golden Pear is one of the largest specialty finance companies in the United States financing legal cases and purchasing medical receivables from physicians and medical centers. The company helps its clients navigate the legal system and provides them with financial solutions that work. Golden Pear is backed by a partnership of several private equity firms which enable the stability and continued institutional growth of the company. For more information about the company, visit https://goldenpearfunding.com.
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