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GWG Holdings announces new offering of L Bond

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GWG Holdings has commenced offering an L Bond, a publicly registered corporate debt offering with interest rates of 4.25%-9.00% and terms of six months to seven years, respectively.

GWG is offering up to USD1,000,000,000 of L Bonds in the offering. GWG is offering L Bonds on a continuous basis and there is no minimum amount of L Bonds that must be sold before GWG can use proceeds from the sale of L Bonds. GWG plans to use the net proceeds from the offering of the L Bonds primarily to purchase and finance additional life insurance assets, and to service and retire other outstanding debt obligations. 

Emerson Equity LLC is serving as the managing broker-dealer for the offering, which is being sold through a network of participating dealers and licensed financial advisors and representatives in minimum increments of $25,000.
 

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