DRB Financial Solutions announced it has closed on an additional credit facility related to life-contingent annuity payments. This multi-year $50 million revolving credit facility will allow DRB to acquire even larger volumes of these annuity payment rights and securitize composite pools thereof. With this transaction, DRB has closed on over $750 million of multi-year funding capacity to fuel its growth in less than 10 months.

“We are very pleased to establish this relationship with another institutional partner that recognizes the inherent credit quality of these assets and the strength of DRB’s underwriting, origination and servicing capabilities,” said Jason Sutherland, Capital Markets director for DRB.

David Manchester, director of Business Development, added this will allow our wholesale origination channel to really ramp-up as we are now ready to acquire even larger pools of these annuity payments. Moreover, this facility further supports our in-house origination staff’s rapidly expanding activities.

Chicago, IL-based DRB Financial Solutions family of companies is a leading purchaser of annuity payments and other illiquid cash flows.