Daily News: February 8, 2012

Advantage Funding Provides Financing Program for Motor Coach

Advantage Funding, a subsidiary of Marubeni America, announced it has a non-captive structured financing program in place with MCI Sales and Service (MCI). The objective of Advantage’s program is to provide MCI with a strategic, reliable funding partner to finance and lease the sales of its pre-owned coach inventory.

Advantage Funding will underwrite the credit, contract the financing arrangements, service the loans and leases, and report performance to MCI.

“One of our 2012 priorities is to help our customers upgrade and expand their fleets. I believe Advantage Funding is the right lender to support our goals,” said Michael R. Denny, vice president and general manager, MCI.

Schaumburg, IL-based Motor Coach Industries is a manufacturer of inter-city highway coaches for the tour, charter, line-haul, scheduled-service, commuter transit and conversion markets in the U.S. and Canada.

Previously on abfjournal.com:

Burdale Co-Leads Asset-Based Revolver to Motor Coach Industries, Tuesday, January 18, 2011