NEWS
Triad Financial Corporation Announces $598 Million Asset-Backed Securitization
NORTH RICHLAND HILLS, Texas, Nov. 21, 2007– Triad Financial Corporation closed a $598 million offering of asset-backed
securities, backed by automobile loans, today. Citigroup is the lead manager on the transaction, which is co-managed by Barclays
Capital and Deutsche Bank Securities. The company uses proceeds from securitization transactions to provide long-term financing of
automobile retail installment contracts.
The following are terms and conditions of the Triad Automobile Receivables
Trust 2007-B:
| Note Class | Amount | Average Life | Price | Interest |
| A-1 | $140,000,000 | 0.21 years | 100.000000% | 5.06815% |
| A-2a | $ 60,000,000 | 1.05 years | 99.991100% | 5.30% |
| A-2b | $155,000,000 | 1.05 years | 100.000000% | LIBOR+1.00% |
| A-3a | $ 35,000,000 | 2.25 years | 99.980597% | 5.24% |
| A-3b | $ 72,000,000 | 2.25 years | 100.000000% | LIBOR+1.10% |
| A-4a | $ 36,330,000 | 3.31 years | 99.978956% | 5.43% |
| A-4b | $100,000,000 | 3.31 years | 100.000000% | LIBOR+1.20% |
| TOTAL: | $598,330,000 |
The Notes Classes are rated by Standard and Poor's, a division of The McGraw-Hill Companies, Inc., and Moody's Investors Service, Inc. as follows:
| Note Class | Standard & Poor's | Moody's Investors Service, Inc. |
| A-1 | A-1+ | Prime-1 |
| A-2 | AAA | Aaa |
| A-3 | AAA | Aaa |
| A-4 | AAA | Aaa |
Financial Security Assurance Inc., or FSA, is providing bond insurance for the Class A Notes. Initial credit enhancement for this transaction will consist of 10.75% of overcollaterialization and a 2.00% non-declining cash deposit for a total of 12.75%. The overcollaterialization will continue to build to a required level of 14.25% of the outstanding receivables balance.
This is Triad's 13th public securitization of automobile receivables.
The prospectus related to this offering is available online at www.triadfinancial.com.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this communication, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Triad Financial
Founded in 1989, Triad Financial Corporation is a leader in the non-prime automobile financing industry with more than 1,300 employees, relationships with approximately 5,000 automobile dealers and 300,000 borrower-customers nationwide and the financial strength of $4.2 billion in managed receivables. Triad is headquartered in North Richland Hills, Texas and has a regional office in Huntington Beach, Calif. For more information, visit
www.triadfinancial.com.
Source:
Triad Financial Corporation
Media Contact:
Charlene Lewis
(714) 799-5210
triadcommunications@triadfinancial.com