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DRB Financial Solutions Closes First $150MM of $300MM Financing

August 23, 2019, 08:50 AM
Filed Under: Industry News

DRB Financial Solutions, LLC and its wholly-owned subsidiary DRB Capital, LLC are pleased to announce that they have closed on the first $150M of a planned $300M term financing facility for their structured settlement and annuity payment stream programs. DRB Financial has now raised over $1.5 Billion to support its various business units.

DRB Capital is a leading purchaser of both structured settlement and annuity payments. The company offers liquidity and optionality to prospective sellers in need of cash who have guaranteed or life-contingent structured settlements, annuities and/or investment annuities. 

"This facility is being provided by one of the largest asset managers in the world and we couldn't be happier to have them with us as we continue to build DRB Financial," said Jason Sutherland, DRB's Senior Vice President of Capital Markets.

DRB's Chief Financial Officer, Steve Bashmakov, added "This is a long-term commitment with a great partner. This credit facility and relationship will allow us to accelerate growth in several areas."

The $300 Million financing facility is yet another in a string of recent votes of confidence from the capital markets that will help fuel DRB Financial's continued growth.

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