Global Secured Capital Closes a New 7 Year Committed Facility from DZ BANK

ARMONK, N.Y., Sept. 8 /PRNewswire/ -- Global Secured Capital ("Global") has closed a new $150 million funding facility (the "Facility") for premium finance loans. The Facility will fund loans secured by life insurance policies issued by sixteen carriers that have approved loans funded by Global in the United States. Global's lending program is fully disclosed to and approved by each carrier issuing the life insurance policy.

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Global is recognized as a leader in life insurance premium finance. Global's unique structure, coupled with its extensive origination network, has created its industry leading position. The long tenor and flexible capital provided by the Facility will allow Global to expand its leadership in this asset class.

The Facility is provided by Autobahn Funding Company LLC, an asset-backed commercial paper conduit sponsored by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main ("DZ BANK"). Sandeep Srinath, VP of DZ BANK's Asset Securitization Group, said, "Global's premium finance program is particularly attractive to us from a legal and reputational view point. We are pleased to welcome them into the growing family of Autobahn clients, and look forward to a long and prosperous relationship."

"The Facility is further evidence of Global's commitment as a long term premium finance lender," stated Richard Kearns, a founding partner at Global. Joe MacLean, also a founding partner at Global, stated that he believes that DZ BANK chose to enter into a relationship with Global over other firms because of Global's "superior structure and reputation in the industry as a legitimate lender rather than using premium finance to facilitate investor owned life insurance schemes."

Global intends to initiate funding with the Facility immediately. All inquiries should be directed to Nerissa Rauch at 914-417-2220.

About Global Secured Capital

Global Secured Capital is a specialty finance company and one of the leading lenders for carrier approved premium finance platforms. Global does not and has not invested or sponsored beneficial interest, "put" or other Stranger Owned Life Insurance ("STOLI") transactions.

About DZ BANK

DZ BANK is among the five largest bank groups in Germany with total assets of over $650 billion (as of December 31, 2007). DZ BANK provides a wide variety of products and services to institutional and corporate clients worldwide, including in capital markets, structured finance and corporate finance. Autobahn Funding is an asset-backed commercial paper conduit sponsored and administered by DZ BANK. Since its inception in April of 1999, Autobahn Funding has committed over $7 billion in transaction volume. Current aggregate funding commitments to its clients exceed $4 billion.