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National Press Release

Carillon Capital Advises Thor Industries on the Launch of Thor CC, Inc.

Published 2009-06-02 17:09
By Carillon Capital Partners

GREAT FALLS, Va., June 2 /PRNewswire/ -- Carillon Capital Partners, in conjunction with Thor Industries (NYSE: THO), is pleased to announce the launch of Thor CC, Inc., a wholly-owned captive finance company providing indirect financing for the purchase of new Thor and used recreation vehicles. The Company began taking loan applications from Thor dealers on June 2, 2009.

Carillon served as a strategic advisor in many aspects of the development of Thor CC, Inc. and will manage the capital markets efforts of the company as it relates to managing potential loan disposition strategies going forward. "Carillon was instrumental in getting our business launched quickly and successfully in this challenging market," said Ed Arienti, CEO of Thor CC, Inc.

Carillon Capital Partners is a Northern Virginia based boutique investment bank, strategic advisor, and merchant bank specializing in helping a broad range of companies within the financial services, technology, and defense industry. The launch of Thor CC, Inc. caps a six month development process required to build the infrastructure and all related operational aspects of a captive finance company.

"Given the disintermediation in the credit markets over the last 18 months, it was important for Thor Industries to fill the void in available financing to consumers for products like recreation vehicles," said Rob Snow, managing member of Carillon Capital Partners. "As the credit markets continue to evolve we expect to see more companies like Thor evaluating their strategic options for providing consumer financing. The credit crisis has highlighted the risks of heavily relying on third-party financing alternatives for potential customers," added Snow.

Thor and its capital markets advisor Carillon Capital Partners are in the process of identifying additional buyers for Thor's loan assets. "Despite the credit issues facing many banks today, there will always be demand for very high quality loan products with attractive spreads. It also helps that recreation vehicle loans are eligible assets under the Treasury's Term Asset-Back Securities Loan Facility. TALF eligibility gives some banks an added incentive to look at the asset class," said Snow. Carillon and Thor are jointly hosting a seminar in Dallas on June 10th to discuss TALF and provide more details on the RV loan asset-class to banks interested in learning more about this high-quality loan product.

More information on Carillon can be found at www.carilloncapital.com or to register for the seminar, email info@carilloncapital.com.

SOURCE Carillon Capital Partners



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