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 through DSC Floorplan Master Owner Trust, includes $225 million of senior-secured notes and $27.2 million of subordinate-secured notes. The sole book-running manager for the transaction was Deutsche Bank Securities. DSC has also secured a revolving credit facility worth $290 million, agented by Deutsch Bank.

Click here for the release from PR Newswire.