CLIENT SUCCESSES

ondisplay

GWG Holdings, Inc.: Private and Public Offerings

In 2011, GWG Holdings, Inc., a Minneapolis-based company engaged in the purchase of life settlements, approached Maslon for help in increasing transparency to investors and structuring a public offering to facilitate the growth of GWG’s business and investment portfolio. Maslon attorney Paul Chestovich recommended a unique public offering structure, known as a medium-term note offering (primarily used in secured lending transactions involving specialty finance companies such as auto loan companies), that conformed to the manner in which GWG had traditionally raised money in earlier private offerings and kept overall public offering costs low. Maslon attorneys Paul Chestovich and Marty Rosenbaum together prepared the registration statement and prospectus, an indenture agreement, and all other documentation involved in the offering.

In connection with the offering, Maslon delivered a sophisticated and reasoned legal opinion on complex securities matters to GWG’s senior lender to ensure GWG’s compliance with applicable banking covenants. After months of working with the U.S. Securities Exchange Commission and many state securities commissions on the novel offering structure, GWG became a public reporting company in January 2012. Through June 30, 2013, GWG had raised over $100 million and had grown its total assets from $129 million at January 1, 2011, to over $230 million at June 30, 2013.

Since the commencement of the public offering, Paul Chestovich and a team of other lawyers, including Marty Rosenbaum, Alan Gilbert, Mark Klos, Leah Fleck, Kathleen Crowe, and paralegal Debra Dix, have also assisted GWG in a variety of other legal matters including corporate governance, securities reporting compliance, the amendment and restatement of a $100 million senior credit facility, the private placement of preferred equity, and general corporate and securities advice.

DISCLAIMER
Thank you for your interest in contacting us by email.

Please do not submit any confidential information to Maslon via email on this website. By communicating with us we are not establishing an attorney-client relationship, and information you submit will not be protected by the attorney-client privilege and cannot be treated as confidential. A client relationship will not be formed until we have entered into a formal agreement. You should also be aware that we may currently represent parties whose interests may be adverse to yours, and we reserve the right to continue to represent them notwithstanding any communication we receive from you.

If you would like to discuss possible representation, please call one of our attorneys directly or use our general line (p 612.672.8200). We can then fully discuss our intake procedures and, if appropriate, introduce you to an attorney suited to assist with your matter. Alternatively, you may send us an email containing a general inquiry subject to these terms.

If you accept the terms of this notice and would like to send an email, click on the "Accept" button below. Otherwise, please click "Decline."