SOURCE: Bryant Park Capital

July 07, 2015 10:00 ET

Bryant Park Capital Arranges $60 Million Junior Secured Credit Facility for Leading Pre-Settlement Funding Company

NEW YORK, NY--(Marketwired - July 07, 2015) - Bryant Park Capital, a leading middle market investment bank with a focus in the specialty finance industry announced today that Golden Pear Funding, LLC ("Golden Pear" or the "Company") recently closed a new $60 million junior secured credit facility with a leading lender to the specialty finance sector. Founded in 2008, Golden Pear has quickly developed into the top pre-settlement funding company in the United States, funding over $230 million in legal advances nationwide. The senior and junior credit facilities combined provide the Company with over $200 million in funding capacity.

This financing, the Company's first institutional subordinated facility, was used to replace notes from a number of high net worth investors as well as an interim credit facility and to provide additional working capital.

Bryant Park Capital acted as the exclusive financial advisor to Golden Pear.

"With the addition of our new junior credit facility coupled with our recent senior line which was closed two months ago, our company is positioned perfectly to expand its footprint throughout the United States. We are proud to have partnered with two top-tier lenders who understand our business and are willing to grow with our company. We could not have accomplished any of this without the stewardship and deep banking expertise of Bryant Park Capital who worked tirelessly with us to restructure and significantly enhance our capital structure," said Rich Palma, COO of Golden Pear Funding.

About Golden Pear Funding:

Golden Pear Funding is an originator of pre-settlement advances in the United States. Golden Pear provides non-recourse advances against potential settlements of legal claims. Legal advances are a way for plaintiffs with strong personal injury cases to receive cash up-front to support living costs. The advances are not used for legal fees and enable plaintiffs' counsel to properly negotiate a legal settlement. For more information about Golden Pear, please visit www.goldenpearfunding.com.

About Bryant Park Capital:

Bryant Park Capital is an investment bank providing M&A and corporate finance advisory services to emerging growth and middle market public and private companies. BPC has deep expertise in the specialty lending and financial services industries and has arranged lines of credit, raised growth equity and assisted in mergers and acquisitions for its clients in a number of the specialty finance subsectors. Our professionals have completed approximately 400 assignments representing an aggregate transaction value of over $80 billion. For more information about Bryant Park Capital, please visit www.bryantparkcapital.com.

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