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Article: Arctic Cat Announces Financing Agreement with GE Commercial Distribution Finance.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Arctic Cat Inc. (Nasdaq: ACAT) announced that the company has entered into an agreement with GE Capital, Commercial Distribution Finance for it to become the exclusive provider of floorplan financing for Arctic Cat's U.S. dealers. The new multi-year financing program will replace Arctic Cat's current financing agreement with Textron Financial Corporation, which had previously announced its intent to exit the dealer floorplan business. The new financing program is expected to begin December 1, 2009.
"Arctic Cat and GE Capital share a commitment to meet the financial needs of our ATV and snowmobile dealers," said Christopher Twomey, Arctic Cat's chairman and chief ...