Dealer Services Corporation Announces Consummation of $252.2 Million Asset-Backed Securities and New $290 Million Revolving Credit Facility

CARMEL, IN--March 25, 2011: cDealer Services Corporation ("DSC"), a full-service auto floorplan finance company, announced today that it has consummated the offering of $252.2 million of asset-backed securities (the "securities") due 2014. The securities, issued through DSC Floorplan Master Owner Trust, are comprised of $225 million of senior-secured notes and $27.2 million of subordinate-secured notes.  The $225 million of senior notes achieved a DBRS, Inc. rating of AAA(sf) and the $27.2 million of subordinate notes achieved a DBRS, Inc. rating of BBB(sf). The Rule 144A series 2011-1 offering was led by Deutsche Bank Securities, who was the sole bookrunner on the transaction.

The 144A notes have been placed to over 10 institutional investors including some of the largest insurance companies and investment firms in the United States.

In addition to the asset-backed securities offering, DSC also entered into a new $290 million revolving credit facility agented by Deutsch Bank. The revolving credit facility is a multi-bank facility, and together with the Asset-Backed Securities, this facility provides DSC significant capital for continued growth.

"DSC is very pleased to be the first in our industry to successfully issue asset-backed securities to the capital markets," said Marty McFarland, president of Dealer Services Corporation. "These transactions were highly rated and have brought DSC a new and broad funding source for our future growth. I would like to commend Deutsche Bank on their execution of these facilities and congratulate them on the high caliber of investors and bank participants they brought forth. We are quite happy to have such high-quality investors behind DSC." Mr. McFarland went on to state, "We are pleased and appreciative of our long relationship with Deutsche Bank. With these facilities available, DSC will continue to grow and provide our dealers the highest level of service and products available in the market."

About Dealer Services Corporation

Dealer Services Corporation offers full service operations in 90 markets throughout North America and is the largest independent inventory finance provider for used automobiles. DSC provides flexible and cost-effective inventory financing solutions to dealership operations in the areas of retail, wholesale, rental, salvage and various related products and services.