Exeter Finance Corp. and Westlake Services are planning to issue a total of $775 million of securities backed by subprime auto loans, according to rating agency presale reports.

Exeter $500 million in securities backed by deep subprime auto loans, The $500 million Exeter Automobile Receivables Trust 2014-2 is the sponsor’s second securitization of the year. It was last in the market in January.

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