Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - J.G. Wentworth Co | exhibit991.htm |
| 8-K - 8-K - J.G. Wentworth Co | a8-knda.htm |
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Accent
colors/
contrasting
colors:
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G-133
B-33
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G-202
B-0
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G-54
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Excel
chart
colors:
For basic
graphics,
diagrams:
Light gray for default Word
table fill, callout boxes and
annotated boxes:
R-234
G-234
B-234
Word tables:
3pt border,
R-38,G-77,B-130
Highlight
colors:
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G-151
B-212
R-235
G-133
B-33
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B-0
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B-0
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Group 1:
For text,
wireframe,
borders,
colored
bullets:
Group 2:
For fills and
larger areas
of colors,
e.g., Word
table fill:
Secondary
colored font:
R-0
G-105
B-170
Primary
colored font:
R-38
G-77
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Company Proposal #2 (4/2017)
Treatment / Consideration
Term Loan
Due February 2019
Existing Term Loan canceled in exchange for total consideration of:
$[100]mm of cash, funded by $[35]mm cash from balance sheet and $[65]mm draw on New RCF (see next
page)
[90]% of pro forma common equity, subject to dilution from MIP
No takeback debt
Existing Equity Retains [10]% of pro forma common equity, subject to dilution from MIP
Management Incentive
Plan (“MIP”)
New MIP for [10]% of pro forma common equity comprised of restricted stock and/or warrants (subject to vesting
period TBD)
Conditions Precedent [99]% minimum participation condition to effectuate exchange
1
Exchange $450mm of existing Term Loan for $[100]mm of cash and equity
Exchange facilitated by new $[125]mm Revolving Credit Facility (“RCF”)
Funded debt reduced from $450mm to ~$[65]mm at closing
Exhibit 99.2
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B-0
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G-202
B-0
R-193
G-2
B-2
R-100
G-100
B-100
R-0
G-105
B-170
R-236
G-163
B-33
R-138
G-173
B-70
R-255
G-219
B-67
R-221
G-70
B-55
R-191
G-191
B-191
R-240
G-181
B-74
R-189
G-209
B-143
R-209
G-226
B-255
R-106
G-151
B-212
R-183
G-205
B-235
R-217
G-217
B-217
R-158
G-198
B-197
R-200
G-222
B-222
R-191
G-191
B-191
R-38
G-77
B-130
R-193
G-2
B-2
Accent
colors/
contrasting
colors:
R-0
G-134
B-0
R-235
G-133
B-33
R-250
G-202
B-0
R-170
G-54
B-206
Excel
chart
colors:
For basic
graphics,
diagrams:
Light gray for default Word
table fill, callout boxes and
annotated boxes:
R-234
G-234
B-234
Word tables:
3pt border,
R-38,G-77,B-130
Highlight
colors:
R-106
G-151
B-212
R-235
G-133
B-33
R-0
G-134
B-0
R-250
G-202
B-0
R-219
G-230
B-245
R-245
G-192
B-139
R-201
G-255
B-201
R-255
G-235
B-151
Group 1:
For text,
wireframe,
borders,
colored
bullets:
Group 2:
For fills and
larger areas
of colors,
e.g., Word
table fill:
Secondary
colored font:
R-0
G-105
B-170
Primary
colored font:
R-38
G-77
B-130
Company Proposal #2: New RCF Term Sheet
2
Key Terms
Borrower Orchard Acquisition Company, LLC
Amount/Type New $[125]mm revolving credit facility (“RCF”)
Guarantors/Security Consistent with the Existing Credit Agreement
Use of Proceeds General corporate purposes, working capital, and to fund recapitalization
Interest Rate and
Fees
L + [__] interest rate per annum on drawn amounts
Unused Commitment Fee of [__]% per annum on undrawn amounts
Maturity [5] years from the Effective Date
Prepayments
Mandatory: Customary for facilities of this type
Optional: [NC/101], applicable only on permanent commitment reductions
Financial Covenant TBD
Other Covenants,
Representations
and Warrantie , and
Events of Default
Consistent with Existing Credit Agreement with modifications to be agreed
Exhibit 99.2