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Settlement Firm Adds Financing Capacity

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Peach Holdings Inc. says it has closed on the second “tranche,” or slice, of a $45 million credit facility that it will use in life insurance premium finance operations.

Peach, Boynton Beach, Fla., will use the facility to back a “senior leverage policy ownership” business, the company says.

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The business “works with individuals and their estate planners to use the leveraged ownership of life insurance as part of an estate planning solution,” Peach says.