Press Releases

August 31, 2007
Babcock & Brown and Autobahn Funding, LLC Announcement
Contact: Stanley A. Moskowitz

Danbury, CT—August 31, 2007. Messrs. Stanley A. Moskowitz, Kenneth J. Siranko and Stanley A. Berg, are pleased to announce the recent completion of a senior debt facility from Autobahn Funding Company, LLC, an asset-backed commercial paper conduit sponsored by DZ Bank and a subordinated debt facility from Babcock & Brown to Petroleum & Franchise Capital LLC, a national specialty commercial finance lender, to acquire the portfolio of their predecessor company, QuesTech Financial LLC as well as for ongoing originations.

Stanley A. Moskowitz, President and CEO of Petroleum & Franchise Capital, stated, “In addition to the high visibility we will attain within the financial community, our strategic alliance with Babcock & Brown, a global investment and advisory firm, empowers us to continue to offer a premier array of financial services to national and regional franchise and retail petroleum operators including, but not limited to project and term financing for real estate and related business acquisitions. Kenneth J. Siranko, our Chief Operations Officer, formerly an executive with GE Capital in various vendor program operations and management positions, has successfully underwritten originations in excess of $2.0 billion. Rounding out the management team is Stanley A. Berg, Chief Financial Officer, who has extensive experience in financial structuring and operating systems.”

Mr. Moskowitz added, “Babcock & Brown, through its commitment to provide us with the subordinated debt facility, has demonstrated its confidence in the ability of our management team to originate and service a quality loan portfolio. Additionally, their expertise within the private equity arena will enable us to compete effectively with other major institutional players.”

“We are excited over our relationship with Petroleum & Franchise Capital,” said
Lior Evan of Babcock & Brown. “The management team’s extensive industry experience coupled with their information technology platform and access to capital will allow them to provide their marketplace with sophisticated and competitive financing programs.”

Autobahn Funding provided the firm with a $175 million senior term debt facility. Dan Marino, First Vice President of DZ Bank, stated, “The principals’ adherence to their credit templates during difficult market environments is just one of the reasons DZ Bank felt comfortable in extending this facility. Additionally, Petroleum & Franchise Capital’s acquisition of the existing portfolio from QuesTech Financial, which has performed well over the past decade, gave us the comfort we needed to assess management’s experience in originating, processing, documenting, funding and servicing its portfolio. We look forward to expanding our relationship with them.”