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SOURCE DRB Financial Solutions, LLC
Facility to support the firm's growth in litigation finance-tort victims' assistance
DELRAY BEACH, Fla., Aug. 19, 2014 /PRNewswire/ -- DRB Financial Solutions, LLC and its wholly-owned subsidiary USClaims (www.usclaims.com) are pleased to announce that they have closed on a multi-year $50M credit facility for their litigation finance and tort victims assistance programs.
Darryl Levine, President of USClaims said, "This is a great achievement and shows that the capital markets are supportive of our business. With this facility we can continue to expand our origination volumes and thereby help more people get through the often tedious process of litigation particularly when the victim is recovering from a serious injury."
About DRB Financial Solutions, LLC: The DRB Financial Solutions family of companies is a leading purchaser of annuity payments and other illiquid cash flows. DRB offers liquidity and optionality to prospective sellers in need of cash who have guaranteed or life contingent structured settlements, annuities and/or investment annuities. For further information, visit www.drbcapital.com.
About USClaims: USClaims (www.usclaims.com) provides non-recourse financial support to personal injury victims some of whom may have suffered catastrophic injuries from defective products, unsafe premises, motor vehicle accidents, and other types of accidents. USClaims supports injured plaintiffs and their attorneys by purchasing a portion of the anticipated recovery thereby providing the injured plaintiff the means to pay bills and endure the often long and arduous litigation process. USClaims is a longtime member of the industry trade group, the American Legal Finance Association (ALFA), and a Mr. Levine is a member of its executive committee.
Contact: Mark Mruz
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