GWG Holdings, Inc. Announces New Offering Of L Bonds, A Publicly Registered Corporate Debt Offering
MINNEAPOLIS, Jan. 9, 2015 /PRNewswire/ -- GWG Holdings, Inc. ("GWG"), announced today that it has commenced offering an L Bond (the "L Bonds"), a publicly registered corporate debt offering with interest rates of 4.25%-9.00% and terms of 6 months to 7 years, respectively.
GWG is offering up to $1,000,000,000 of L Bonds in the offering. GWG is offering L Bonds on a continuous basis and there is no minimum amount of L Bonds that must be sold before GWG can use proceeds from the sale of L Bonds. GWG plans to use the net proceeds from the offering of the L Bonds primarily to purchase and finance additional life insurance assets, and to service and retire other outstanding debt obligations. Emerson Equity LLC is serving as the managing broker-dealer for the offering, which is being sold through a network of participating dealers and licensed financial advisors and representatives in minimum increments of $25,000.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of GWG. Offers and sales may only be made by means of a prospectus, a copy of which may be obtained by sending a request to GWG at [email protected] or via telephone at (877) 494-2388. A prospectus may also be obtained at the SEC's website at www.sec.gov. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933.
About GWG Holdings, Inc.
GWG, is engaged in the secondary market of life insurance. GWG, through its wholly owned subsidiaries, acquires life insurance policies in the secondary market from policy owners who sell their policies at a price greater than the cash surrender value, but less than the face value of the policy's benefit. GWG purchases policies, through its subsidiaries, directly from policy owners in the states it is licensed to do so, and through other licensed providers. GWG's strategy is to acquire a large, diverse portfolio of life insurance policies and continue to pay the premiums and generally hold the policies to maturity, in order to ultimately collect the policy's face value. For more information about GWG, email: [email protected], or visit www.gwglife.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "would," "target" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include, among other things, statements about our estimates regarding future revenue and financial performance. We may not actually achieve the expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the expectations disclosed in the forward-looking statements we make. More information about potential factors that could affect our business and financial results is contained in our filings with the Securities and Exchange Commission, specifically including our registration statement on Form S-1 and any amendments and post-effective amendments thereto. Additional information will also be set forth in our future quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings that we make with the Securities and Exchange Commission. We do not intend, and undertake no duty, to release publicly any updates or revisions to any forward-looking statements contained herein.
SOURCE GWG Holdings, Inc.
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