Dollar Financial Adds Car Loan Servicer For $118M

Law360, New York (October 29, 2009, 12:39 PM EDT) -- Payday lender Dollar Financial Corp. has announced it will add Dealers’ Financial Services LLC, a company that provides servicing for auto loans taken out by military personnel, in a deal valued at $118 million.

The deal, announced Wednesday, marks Dollar Financial's fifth corporate acquisition so far this year.

The transaction is dependent upon finding adequate financing and is expected to close in early December, according to Dollar Financial's Wednesday 8-K filing with the U.S. Securities and Exchange Commission. Dollar Financial's lenders under its existing senior credit...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.