Exeter Departures Not Impacting Deal Execution; CEO Says “No Pressure” From Blackstone

29 Jan 2014

Executive departures from Exeter Finance Corp. and concerns that its private-equity backer Blackstone Group is exerting too much pressure on the firm to meet return targets do not appear to have impacted execution on Exeter’s upsized $650 million EART 2014-1 subprime auto deal this week.

Executive departures from Exeter Finance Corp. and concerns that its private-equity backer Blackstone Group is exerting too much pressure on the firm to meet return targets do not appear to have impacted execution on Exeter’s upsized $650 million EART 2014-1 subprime auto deal this week. The deal is ...

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