Imperial Holdings, Inc. (NYSE: IFT) ("Imperial"), a specialty finance company with a focus on providing liquidity solutions on individual life insurance policies and purchasing structured settlement payments, today announced that, through its subsidiaries, it has resumed financing the origination of guaranteed structured settlements receivables under its 8.39% Fixed Rate Asset Backed Variable Funding Notes facility.
Antony Mitchell, Chairman and CEO of Imperial commented, “Resuming our financing relationships marks an important step for our business model. The resumption of this arrangement will allow us to immediately improve cash flow as we will no longer maintain these receivables on our balance sheet.” Mr. Mitchell concluded, “In just a few short weeks we have been able to initiate a new banking relationship and re-establish and secure funding arrangements for both guaranteed and life contingent structured settlements.”
About Imperial Holdings, Inc.
Imperial is a leading specialty finance company that, through its operating subsidiaries, provides customized liquidity solutions to owners of illiquid financial assets. Imperial’s primary operating units are Life Finance and Structured Settlements. In its Life Finance unit, Imperial provides premium finance loans to policyholders for the payment of premiums and purchases life insurance policies. In its Structured Settlements unit, Imperial purchases from individuals long-term annuity payments issued by highly rated U.S. insurance companies. More information about Imperial can be found at
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