Avmont secures $60 mln loan from Woodforest

Woodforest Commercial Banking, a division of Woodforest National Bank, has led a $60 million senior credit facility for Avmont LLC, an Atlanta-based asset manager specializing in purchasing whole-life insurance policies from individuals and managing pools of these assets for third-party investors. Woodforest Commercial Banking served as administrative agent and lead arranger for this transaction.

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