GE Capital Renews Financing for 3,500+ Husqvarna Dealers

  GE Capital Renews Financing for 3,500+ Husqvarna Dealers

      Supports outdoor power equipment dealers across North America with
                      private-label inventory financing

Business Wire

CHICAGO -- January 9, 2013

GE Capital’s Commercial Distribution Finance (CDF) business announced today
that it will continue to be the exclusive provider of inventory financing for
the Husqvarna Group’s independent dealer network in the U.S. and Canada.
Headquartered in Charlotte, N.C., Husqvarna manufactures a variety of outdoor
power products, including chainsaws, trimmers, lawn mowers and garden
tractors.

This agreement is an extension to a private label program, branded Husqvarna
Financial Services (HFS) in the U.S., that launched in 2005. HFS provides
financing to more than 3,500 independent dealers across North America.

"It’s critical for our dealer network to have access to inventory financing,
so it’s important that our finance company understands their needs," said Mike
Jones, president of Husqvarna North America and Latin America Sales and
Services Division. "GE Capital has the industry knowledge and financial
strength to offer flexible programs to help them grow their businesses and
navigate seasonal ups and downs."

For more than 30 years and through all business and economic cycles, CDF has
supported the outdoor products industry with customer-centric financing
programs that enable dealers to stock a broad selection of products. Inventory
financing, also called floorplan financing, is an essential component of a
successful manufacturer-dealer business relationship. Manufacturers benefit
from improved product flow and increased sales opportunities, and dealers
obtain enhanced credit availability and flexible programs.

"The continuation of our financing program will allow Husqvarna’s dealers to
more efficiently manage their cash flows as they acquire product and
ultimately sell through to consumers," said Mike Horak, president of CDF’s
outdoor products group. "In addition, dealers that choose to finance through
HFS will obtain instant access to our unique online tools, including
customized inventory management reports and insightful benchmarking data.
We’re honored to continue to work with Husqvarna.”

About Husqvarna Group

The Husqvarna Group is the world's largest producer of outdoor power products,
including chainsaws, trimmers, lawn mowers and garden tractors. The group is
also the European leader in consumer watering products and one of the world
leaders in cutting equipment and diamond tools for the construction and stone
industries. The product offering includes products for both consumers and
professional users. The group's products are sold via dealers and retailers in
more than 100 countries. For more information, go to
http://www.husqvarna.com/us/home/.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided nearly $31 billion in
financing for more than 40,000 manufacturers, dealers and distributors across
North America in 2012. Programs include inventory and accounts receivable
financing, asset-based lending, private label financing, collateral management
and related financial products. Customers have access to exclusive online
tools and analytics to manage their accounts and inventory. For more
information, visit http://www.gecdf.com/ or follow company news via Twitter
(https://twitter.com/GEInventoryFin).

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (https://twitter.com/GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

Contact:

GE Capital, Americas
Lisa Tibbitts, 203-956-4582
lisa.tibbitts@ge.com
or
Husqvarna Group
John Marchionda, 704-921-7033
John.Marchionda@HusqvarnaGroup.com
 
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