Wells Fargo completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance business.
Wells Fargo completed the purchase of the Asia segment of GE Capital’s Commercial Distribution Finance business. The acquisition includes CDF assets and 46 team members.
GE Capital Commercial Distribution Finance was selected by Bush Hog, a North American manufacturer of rotary cutters, to provide financing solutions to its U.S. dealer network.
GE Capital Commercial Distribution Finance extended its inventory financing agreement with Wright Manufacturing, a producer of commercial lawn mowers. The financing will be used for its network of dealers and distributors to stock its products.
GE Capital Commercial Distribution Finance renewed its strategic inventory finance program with generator manufacturer Generac Power Systems. The funding will be used to stock Generac’s network of independent dealers with its products.
GE Capital Commercial Distribution Finance has increased the credit limit on its existing credit facility with ePlus Technology from $225 million to $250 million.
GE Capital, Commercial Distribution Finance said it has extended its inventory finance program with outdoor power equipment manufacturer Husqvarna Group.
GE Capital, Commercial Distribution Finance named Steve Battreall president and CEO. He began his GE career in 1987 as part of GE’s Financial Management Program.
ePlus Technology amended its credit facility with GE Capital Commercial Distribution Finance. The amendment provides for a credit limit of $225 million, an increase of $50 million over the prior agreement.
GE Capital, Commercial Distribution Finance announced it extended its inventory financing program with Bass Pro Shops through 2018.