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Washington, DC 20549





Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934


Date of Report (date of earliest event reported): February 25, 2022


GWG Holdings, Inc.

(Exact name of registrant as specified in its charter)


Commission File Number:   001-36615


Delaware   26-2222607
(State or other jurisdiction of
  (IRS Employer
Identification No.)


325 North St. Paul Street, Suite 2650, Dallas, TX 75201

(Address of principal executive offices, including zip code)


(612) 746-1944

(Registrant’s telephone number, including area code)


Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Title of each class   Trading Symbol(s)  

Name of each exchange on which registered

Common Shares   GWGH   Nasdaq Capital Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company  


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐







Item 1.01 Entry into a Material Definitive Agreement


On February 25, 2022, GWG DLP Funding IV, LLC (“DLP IV”), an indirect subsidiary of GWG Holdings, Inc. (“GWG” or the “Company”), entered into First Amendment (the “Amendment”) to the Fifth Amended and Restated Loan and Security Agreement, dated as of December 14, 2021, with LNV Corporation, as lender, and CLMG Corp., as the administrative agent on behalf of the lenders under the agreement (as amended, the “Fifth Amended Facility”). The principal amount outstanding under the Fifth Amended Facility as of the date of this report is $289.8 million.


The Amendment provides that, subject to the conditions set forth in the Fifth Amended Facility, on or prior to the commitment termination date under the Fifth Amended Facility, (i) the lenders shall make ongoing maintenance advances under the Fifth Amended Facility (solely with respect to ongoing maintenance costs with respect to scheduled premiums on pledged life insurance policies under the Fifth Amended Facility payable on or before April 1, 2022) to DLP IV, and (ii) the lenders may, in their sole and absolute discretion, make ongoing maintenance advances under the Fifth Amended Facility (solely with respect to ongoing maintenance costs with respect to scheduled premiums on pledged life insurance policies payable on May 1, 2022) to DLP IV. 


Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant


The information set for in Item 1.01 is incorporated herein by reference.







Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




Date: March 3, 2022 By: /s/ Timothy L. Evans
  Name: Timothy L. Evans
  Title: Chief Financial Officer