Navigator Holdings Brings to Market a Subprime Automobile Loan Portfolio

ATLANTA — Navigator Acceptance, a division of Navigator Holdings LLC, (Navigator) has announced the release of its fourth quarter loan portfolio offering. The $3.2 million portfolio consists of 470 seasoned, sub-prime automobile loans. The offering marks the third consecutive quarter of portfolio sales completed by Navigator, and the largest to date.

The complexion of the fourth quarter portfolio consists of 470 sub-prime auto loans. Each is no more than seven days delinquent with 12 to 40 months remaining term.

“Despite the polarized conditions of the financial markets, Navigator has successfully completed sales in each of the past two quarters. This speaks directly to the quality of the underlying assets supported by the appropriate yield,” said Navigator President Bobby Lazenby.

Lazenby, a nationally recognized sub-prime turnaround expert, brought the company out of bankruptcy in June 2008. Under Lazenby’s direction Navigator has significantly improved both credit and asset quality within Navigator’s portfolio. According to Lazenby, “While we have made considerable strides in the right direction over the past 18 months, the company’s focus remains on improving credit quality while serving the unbanked consumers in Georgia and Indiana.”

The portfolio will be released December 10, 2009. Interested investors should contact Yun Jung Choi at 404-492-9340 or at YChoi@navigatoracc.com.

Navigator Holdings owns and operates eight independent automobile dealerships, Navigator Dealer Group LLC, and a captive finance company, Navigator Acceptance LLC. Navigator dealerships specialize in selling transportation and utility vehicles. In addition to selling cars, Navigator Acceptance specializes in providing financing directly to those consumers with other than prime credit.