On June 26, 2002, Windsor Trust 2002-A completed its $200 million public offering of 4.124 per cent auto loan receivables-backed class A-1 pay-through notes, and raised a further $104,583,456 in a private placement of 4.124 per cent auto loan receivables-backed class A-2 pass-through notes. Proceeds from the offering were used by the trust to purchase from DaimlerChrysler Financial Services (debis) Canada Inc. retail receivables generated by retail loans made to various obligors across Canada to finance their automobile and light-duty truck purchases.
DaimlerChrysler Financial Services and the trust were represented by Gowling Lafleur Henderson LLP, with a team that included Bill McAuley, Eric Nazzer and John Penhale in Montreal, and John Ross and Paul Grod. The offering was structured and led by BMO Nesbitt Burns Inc., and included RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. The underwriters were represented by Davies Ward Phillips & Vineberg LLP, with a team comprised of Michael Clifford, Ron Wilson, Timothy Moran, Peter Hong, Peter Westcott and Cynthia Cline.