Commercial Distribution Finance (CDF), a division of GE Capital, announced it provided international IT solutions and managed services provider Logicalis US with $53 million in short term accounts receivable funding. Logicalis used the facility to fund a purchase order for a major contract.

Headquartered in New York City, Logicalis is an international IT solutions and managed services provider with expertise in communications and collaboration, data center and cloud services, and managed services. Logicalis has been a CDF customer since 2012.

“There was great collaboration on arranging this funding,” said Todd Yaekle, VP, Finance, Logicalis US. “CDF’s understanding of our industry and business model makes it much easier for us to effectively support our customers.”

“We worked closely with Logicalis on this funding to ensure it would meet their goals and timeline,” said David Laurence, senior vice president of the technology group at CDF. “We are committed to helping our customers compete with a variety of financial solutions.”