Actionable news
All posts from Actionable news
Actionable news in ASFI: Asta Funding, Inc.,

Asta: Cbc Settlement Funding Completes Bbrv 2015-A Private Placement Note Offering

The following excerpt is from the company's SEC filing.

Conshohocken, PA Oct. 1, 2015 CBC Settlement Funding, LLC (CBC), is pleased to announce the completion of its fifth private placement backed by fixed annuity and structured settlement payments. On September 30, 2015, through its subsidiary BBRV, LLC, the Conshohocken based company issued $16,550,641 of fixed rate asset-backed notes with a yield of 5.07%.

William Skyrm, CEO and Co-founder of CBC Settlement Funding, LLC, commented, We are excited about the continued interest from our investor base in our structured settlement and annuity receivables. Mr. Skyrm concluded, We are extremely pleased with the execution of this transaction resulting from increased...