Arrow Completes Fourth Securitization

Arrow Financial Services in Chicago, IL, recently completed its fourth securitization, its third issuance from the AFS Receivables Master Trust 1999. The $29.5 million of notes were rated investment grade by Moody’s Investors Service. Arrow’s management team privately placed the securities with well known institutional investors. For more information about Arrow, visit our website at www.arrow-financial.com.

About Arrow Financial Services LLC
“Arrow Financial Services LLC is an accounts receivable management firm with offices in Chicago, Wisconsin, San Diego, Maryland and New York with over 1,100 employees. We specialize in pricing, servicing and acquiring performing and non-performing receivables. In August 2002, Arrow took on a new partner, Parthenon Capital – a leading middle-market private equity firm located in Boston and San Francisco, which provides growth capital, strategic guidance and operating expertise. With this newly formed alliance, Arrow is positioning itself to take the lead in the industry.”