Daily News: March 9, 2012

Settlement Capital Renews $50MM Credit Line With DZ BANK

Settlement Capital Corporation, a purchaser of structured settlement payment streams, recently completed a renewal and extension of its $50 million credit facility with DZ BANK’s New York office.

“Settlement Capital has a long relationship with DZ BANK, and we are excited about the continuance of this credit line and our future,” said Debbie Rosen, president and CEO of Settlement Capital.

Settlement Capital was founded in the late 1980s and was the first company to purchase structured settlement payment rights. The company has been a leader in the industry ever since.

“DZ BANK is very happy to continue and expand its relationship with Settlement Capital, and we look forward to working with the company in the future,” said Christian Haesslein, vice president at DZ BANK Structured Finance Asset Securitization.