GWG Holdings Increases Long-Term Credit Facility to $300 Million

MINNEAPOLIS, Sept. 29, 2017 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, increased its senior credit facility from $172 million to $300 million to cover premium payments over the next decade.

The 10-year revolving senior credit facility, originated by CSG Investments, Inc., amends the company’s existing facility to create the capacity to finance the future premium payments on substantially all of the life insurance assets in the company’s portfolio today.
“This amendment is another significant step forward in…