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US consumer finance company JG Wentworth hires debt adviser: sources
Published Sun, Feb 19, 2017 · 09:50 PM
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Pennsylvania
US consumer finance company JG Wentworth Co has hired a financial adviser to help it address its debt burden, as fierce competition eats into its profits, people familiar with the matter said on Friday.
JG Wentworth, known for its catchy jingles and television commercials, has hired investment bank Evercore Partners Inc to help it fix its capital structure, which includes an approximately US$440 million term loan, the people said.
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