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. Exeter Finance Corp. announced the expansion and extension of its warehouse credit facility to $1.075 billion of available borrowing capacity from the previous level of $600 million. The new borrowing base has a revolving period that matures in October, 2015. The expanded credit facility includes commitments from Wells Fargo, Citigroup, Deutsche Bank AG, New York Branch, and Goldman Sachs Bank USA. Exeter uses warehouse credit facilities for short-term financing of its receivables until it permanently finances the receivables in securitization transactions.
Print Friendly