Arctic Cat Announces Financing Agreement with GE Commercial Distribution Finance

Business Wire

posted: 38 DAYS 1 HOUR AGO

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Arctic Cat Inc. (Nasdaq: ACAT) announced today that the company has entered into an agreement with GE Capital, Commercial Distribution Finance for it to become the exclusive provider of floorplan financing for Arctic Cat’s U.S. dealers. The new multi-year financing program will replace Arctic Cat’s current financing agreement with Textron Financial Corporation, which had previously announced its intent to exit the dealer floorplan business. The new financing program is expected to begin December 1, 2009.

“Arctic Cat and GE Capital share a commitment to meet the financial needs of our ATV and snowmobile dealers,” said Christopher Twomey, Arctic Cat’s chairman and chief executive officer. “We are excited and pleased with our new partnership and expect it to continue to provide innovative financing programs and superior service.”

About Arctic Cat

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs) and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the Nasdaq Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information can be found online at www.ge.com/cdf .

GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at www.ge.com.