Exeter Finance Completes $400 Million Securitization

IRVING, TEXAS, May 9, 2013 – Exeter Finance Corp., a specialty auto finance company, announced the completion of its third rated term securitization, issuing $400,000,000 in notes backed by subprime automobile installment receivables.

The notes were purchased by qualified institutional buyers and accredited investors in a private placement offering pursuant to Rule 144A of the Securities Act.

The four note classes carried ratings ranging from AAA/AA through BB/BB from DBRS and Standard & Poor's, respectively. The weighted average coupon was 2.7 percent. Citigroup and Wells Fargo Securities acted as lead managers, while Deutsche Bank Securities and Goldman, Sachs & Co. acted as co-managers. All notes included in this securitization have been sold.

This announcement of their sale appears as a matter of record only.

About Exeter

Finance Exeter Finance Corp. is a specialty auto finance company based in Irving, Texas. Exeter partners with franchised auto dealers throughout the country to make car ownership a reality for consumers. Building personal relationships and providing the highest level of service to dealers and customers have been key to the company’s success since its founding in 2006. Auto Dealer Monthly named Exeter the "Top Finance Company for Dealers" in 2010, while Auto Finance News selected Exeter for its Auto Finance Excellence Award in 2011. Please visit www.ExeterFinance.com to learn more.