Dealer Services completes $290 million revolver led by Deutsche

By Sara Rosenberg

New York, March 25 - Dealer Services Corp. closed on a new $290 million revolving credit facility, according to a news release.

Deutsche Bank Securities Inc. is the agent on the deal.

In addition, the company completed an offering of $252.2 million of asset-backed securities due 2014.

Proceeds are being used to provide capital for continued growth.

Dealer Services is a Carmel, Ind.-based inventory finance provider for used automobiles.

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