MINNEAPOLIS, March 7 /PRNewswire/ -- Olympic Financial Ltd. (NYSE: OLM)
("Olympic") announced today the pricing of a public offering of units
consisting of $300 million principal amount of 11 1/2% Senior Notes due 2007
and 300,000 ten-year warrants to purchase 2,052,000 shares of common stock.
Each warrant entitles the holder to purchase 6.84 shares of the Company's
common stock at a purchase price of $11.00.  The Senior Notes were priced at
par.  The offering was underwritten by Donaldson, Lufkin & Jenrette Securities
Corporation, J.P. Morgan & Co. and Bear, Stearns & Co. Inc.
    Net proceeds from the offering will be used to repay the portion of the
Company's outstanding $145.0 million 13% Senior Notes due 2000, including
premium and consent fees, tendered pursuant to the Company's announced offer
to purchase and consent solicitation; to fund purchases of automobile loans;
for working capital and for other general corporate purposes.
    Olympic Financial Ltd. is a Minneapolis-based consumer finance company
which purchases, sells and services retail installment contracts for new and
used automobiles originated by more than 7,700 dealers nationwide.  Olympic is
the largest independent provider of automobile financing.  The Company, which
was founded in 1990, has Regional Buying Centers in Arizona, Northern and
Southern California, Colorado, Florida, Georgia, Massachusetts, Minnesota,
Missouri, New York, North Carolina, Ohio, Tennessee, North, South and West
Texas and Washington.  The Company acquires loans through 17 Regional Buying
Centers and has expanded its dealer network to include dealers in 40 states.

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