CRAFT Issues Notes

On March 13, 2003, Canadian Revolving Auto Floorplan Trust (CRAFT), as issuer, DaimlerChrysler Services Canada Inc., as seller, and an underwriting syndicate comprised of TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., closed a $500 million public securitization transaction. The notes were issued by CRAFT as two series, $200 million series 2003-A1 notes and $300 million series 2003-A2 notes, and backed by dealer floorplan financing receivables.

Gowling Lafleur Henderson LLP acted for CRAFT and DaimlerChrysler, with a team that included John Ross and Charmaine Chung (corporate), Cameron Ferris (securities) and Eric Nazzer and Susan Robins (tax). DaimlerChrysler was represented in-house by Byron Babbish, assistant secretary, general counsel office.

McCarthy Tétrault LLP acted for the underwriting syndicate, with a team that included Marc MacMullin and Susan Kennedy (corporate), Dean Masse (securities) and James Morand (tax).