GE Capital and Nautic Global Group Announce Strategic Inventory Finance Program

| August 7, 2012 | 0 Comments

CHICAGO–(BUSINESS WIRE)–

GE Capital’s Commercial Distribution Finance (CDF) business announced
today it will be the strategic floorplan finance provider to Nautic
Global Group, Inc. (NGG), a major U.S. boat manufacturer. The jointly
developed program is available immediately to all Rinker, Hurricane,
Godfrey Pontoon and Polar Kraft dealers in the U.S.

This program will provide NGG dealers with specialized,
vendor-subsidized financing programs and terms, and a dedicated, expert
staff that is committed to providing world-class customer service.
Additionally, dealers will have access to COMS, CDF’s proprietary online
inventory finance management tool, and Analytics Online, which provides
crucial information and insights about inventory.

“It is important for our dealer network to have access to inventory and
to have a financing source that understands our distribution network,”
said Michael Kitson, chief executive officer of NGG, which is based in
Elkhart, IN. “GE Capital has the right industry expertise, and the
ability and willingness to offer flexible programs so our dealer network
can reach their business goals.”

“This strategic program provides dealers with the ability to efficiently
manage their cash flow as they acquire and stock the inventory they need
to realize sales of the NGG brands they represent,” said Bruce Van
Wagoner, president of CDF’s marine group. “NGG products are turning
quickly at retail and GE Capital is excited to align with NGG to offer
its dealers more favorable programs.”

For more than 50 years and through all business and economic cycles, CDF
has offered customer-centric new and pre-owned floorplan programs that
enable marine dealers to stock a broad selection of products. Inventory
financing, also known as floorplan financing, is an important element of
a successful manufacturer-dealer business model as manufacturers and
distributors benefit from enhanced product flow and increased sales
opportunities, and dealers obtain improved terms and credit availability.

About Nautic

With industry-leading products including Rinker Express Cruisers and
Captiva Sportboats, Hurricane Deck Boats, Godfrey Pontoon Boats and
Polar Kraft Aluminum Fishing Boats, Nautic Global Group proudly
manufactures a “boat for every passion” and is one of the largest boat
manufacturers in the U.S. For more information on the company and its
brands, visit www.NauticGlobalGroup.com.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided nearly $32 billion
in financing for more than 30,000 manufacturers, dealers and
distributors across North America in 2011. 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 (@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 (@GECapital).

GE (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.

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