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GE CDF Extends Financing Program for Polaris Industries

December 08, 2015, 12:00 PM
Filed Under: Dealer Finance

Commercial Distribution Finance (CDF), a business of GE Capital, announced it has renewed its joint venture in the U.S. and extended the term of the Canadian program with Polaris Industries, a global sales leader in the powersports industry, through 2022. The terms of the extensions are consistent with the prior agreements and will be used to continue to support wholesale floor plan financing of high quality off-road vehicles including the Polaris RANGER®, Victory®, RZR®, Slingshot®, and Indian® brands.

Headquartered in Minneapolis, Minnesota, Polaris designs, engineers, manufactures and markets off road vehicles including all-terrain vehicles (ATVs), side-by-side vehicles, snowmobiles, motorcycles and on-road electric and hybrid powered vehicles. As Polaris’s preferred-dealer financing provider, CDF will be supporting more than 1,700 dealerships across North America.

"For nearly 20 years, this mutually successful partnership has provided a valuable source of wholesale floor plan financing along with high-quality service to Polaris dealers," remarked Polaris Chairman and Chief Executive Officer Scott W. Wine. "This extension signals our commitment to offer a source of continued dealer financing stability through 2022. In the interim, our partner, CDF, will transition to new ownership under Wells Fargo, a move that they expect to close in the first quarter of 2016. PA will remain a competitive tool in our offering to dealers, while supporting Polaris’s working capital, liquidity, and balance sheet strength."

"We look forward to continuing our relationship with Polaris,” said Steve Battreall, president and CEO of CDF. “We are dedicated to providing their North American dealers with flexible financing solutions and excellent customer service in order to help them continue to grow today and in the years ahead.”

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