Easterly Acquisition Corp. and JH Capital Announce $125 Million Financing Led by Fortress

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Easterly Acquisition Corp. (NASDAQ: EACQ) and JH Capital Group Holdings, LLC (“JH Capital”) today announced that global credit investor Fortress Credit Corp. (“Fortress”), an affiliate of Fortress Investment Group, led a $125 million financing to support JH Capital’s acquisition of defaulted consumer receivables from a diversified group of 10 lenders. JH Capital experienced a surge in the supply of defaulted receivables in the fourth quarter of 2017 and expects to invest much of this new cash during the first quarter of 2018.