Monitor - September/October 2011

GE Capital to Provide Financing to Briggs & Stratton GE Capital, Commercial Distribution Finance is the exclusive provider of floorplan financing for Briggs & Stratton Power Products Group (BSPPG) in the U.S. and Canada. BSPPG offers residential and outdoor power equipment under the Simplicity, Snapper, Massey Ferguson, Snapper Pro and Ferris brand names. Parent company Briggs & Stratton Corp. manufactures and markets GE-branded standby generators under a separate licensing agreement.

Navistar Renews $500MM
Inventory Facility
Navistar Financial signed
an agreement for a one-
year renewal of a $500
million dealer floorplan
funding facility. This
facility is funded through
two of Navistar’s major
relationship banks.
Navistar continues to
facilitate the majority of
customer finance needs
in the U.S. through
Navistar Capital, its retail
program formed last year
in alliance with GE Capital.

Lavallette Capital
Arranges Portfolio Sales
Lavallette Capital arranged
and served as structuring
agent and advisor for a
portfolio sale between
Butler Capital, as seller,
and a regional bank
buyer in the market for
performing portfolios of
small business loans and
leases. Lavallette Capital
also arranged and served
as advisor for a Midwest-
based regional bank’s
purchase of a construction
and transportation
equipment portfolio from
an independent equipment
finance company. The
transaction was the
second portfolio sale this
year between the bank
and Lavallette.

GE Capital Closes $78MM for JHP Pharmaceuticals GE Capital, Healthcare Financial Services closed, as administrative agent, $78 million in senior secured credit facilities for JHP Pharmaceuticals. GE Capital Markets served as joint lead arranger and sole bookrunner.

Manufacturers’ Lease Plans Purchases Portfolio Manufacturers’ Lease Plans purchased an equipment lease portfolio, sold through The Debt Exchange, in a sealed bid auction. The portfolio consisted entirely of finance leases, with an average remaining term of

13 months, and aggregate original lease balance of $4 million.

LEAF Launches Enhanced Corporate Website LEAF Commercial Capital launched its enhanced corporate website that provides equipment vendors information on how to generate sales and customers through its financing products and services. The website reflects LEAF’s proprietary partnering approach, The LEAF 360° Solution, which responds to developments in the marketplace and creates products and services to meet those needs.

Ritchie Bros. Picks GE Capital as Financing Provider Ritchie Bros. Financial Services (RBFS) selected GE Capital, Vendor Finance

as a major financing provider for Ritchie’s operations in the U.S. and Canada. RBFS is a subsidiary of Ritchie Bros. Auctioneers, which conducts unreserved public auctions, selling a broad range of used and unused equipment. GE Capital has been a customer and vendor of Ritchie Bros. for more than 20 years.

Ecologic Lessee Services
Offers Lease Accounting
Information
Ecologic Lessee Services,
a provider of services to
corporate and nonprofit
equipment lessees,
published a free,
downloadable white
paper that explains the
issues facing equipment
lessees under the
new lease accounting
standards and presents a
comprehensive nine-step
plan for implementing a
transition plan.

PNC Provides $22MM to Modern Group PNC provided a $22 million senior secured revolving credit facility for Modern Group, a distributor of forklifts, warehouse products, construction equipment, generators and stand-by power generation. Modern Group sought the financing to fund, in part, growing customer demand for inventory and services, along with potential future acquisitions.

Sparta Comm’l Adds Two Towns to Municipal Lease Program Sparta Commercial Services added Bridgeton, NC as a client of its municipal lease program. The comprehensive asset pool is a mixture of

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