Dealer Services Sells $252M In Debt

U.S. floor plan financing solutions provider,Dealer Services,has raised $252.2 million in a sale of asset-backed securities, due 2014. The debt, issued throughDSC平面布置图主人主人的信任, includes $225 million of senior-secured notes and $27.2 million of subordinate-secured notes.

The sole book-running manager for the transaction wasDeutsche Bank Securities. DSC has also secured a revolving credit facility worth $290 million, agented byDeutsch Bank.

Click here for the release fromPR Newswire.