KKR announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO...
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December 19, 2023, 07:15 AM
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RecNation Storage, a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, amended and upsized its revolving credit facility to borrow up to $500 million assuming certain conditions are met. The...
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May 31, 2023, 07:00 AM
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Priority One Financial Services, a full-service finance company for marine, RV and trailer dealers, celebrates 25 years of employment with Rina Aponte, Senior Operations Manager. Aponte started at Priority One in 1998, when the company had just 13...
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January 30, 2023, 07:00 AM
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Colony Bank announced the addition of Steven Bernaski as President of Marine and RV Lending, Senior Vice President. In this new role, Bernaski will utilize his extensive experience and network to provide specialized marine and recreational vehicle...
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June 08, 2022, 07:13 AM
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BankNewport announced that Jeanne Lapak joined the bank’s executive team as Executive Vice President, Chief Commercial Banking and Lending Officer, responsible for leading the Commercial and Business Banking Teams.With over 20 years of banking...
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April 11, 2022, 07:15 AM
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DLL, a global financial solutions provider, announced a wholesale financing partnership with American specialty vehicles manufacturer REV Group, effective March 9. DLL will serve as the preferred floorplan provider for REV Group’s fire, emergency and...
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March 02, 2022, 07:23 AM
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Financeit Inc. announced that Wafra Capital Partners Inc. (WCP), a New York-based specialty finance investment firm, has acquired the company from Goldman Sachs Asset Management.Financeit is Canada's leading point-of-sale financing provider for the...
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February 14, 2022, 07:20 AM
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DLL, global asset finance company for equipment and technology, has appointed two key members to the U.S. Commercial Finance sales team: Mike Mekus and Marjorie Roy. Both leaders will bring valuable tenure and experience to DLL’s expansion in the...
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September 02, 2021, 07:23 AM
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DLL, a global asset finance company for equipment and technology, partnered with Forest River, Inc., manufacturer of a wide variety of quality recreational vehicles, cargo trailers, pontoon boats and specialty vehicles. Dealers of Forest River...
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June 23, 2021, 07:22 AM
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DLL, global asset finance company for equipment and technology, has partnered with Winnebago Industries, manufacturer of outdoor lifestyle products used primarily in leisure travel and outdoor recreation activities. Dealers of Winnebago, Grand Design...
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March 03, 2021, 07:22 AM
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DLL will expand its offerings into the recreation and leisure lifestyle market in North America. This will include motorsport, marine, recreational vehicles and manufactured homes. DLL will provide floor planning lines of credit for...
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October 30, 2019, 07:30 AM
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Priority One Financial Services, one of the recreational industry’s oldest and largest F&I outsourcing provider, announced Dave Homan has been named vice president of finance. Homan will be responsible for all aspects of the company’s finance...
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June 29, 2017, 07:00 AM
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Price Digests, the leading asset data provider to the commercial insurance and equipment finance industries, announced a new API platform to power the next generation of vehicle analytics. The new Price Digests API enters the market as the only...
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April 11, 2017, 07:15 AM
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Kawasaki Motors Corp., U.S.A. (KMC) announced a new consumer financing relationship with Citi Retail Services, providing a private label credit card program in the U.S. The agreement gives KMC dealers another financing option for their...
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February 02, 2017, 07:00 AM
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Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, is launching a new financing program with National Powersports Auctions (NPA), a leading provider of auction and remarketing services in the powersports industry. The...
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September 19, 2016, 07:05 AM
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Optimism among dealers and other industry participants in the outlook for the recreational vehicle (RV) industry continued to increase from prior years, according to annual survey results released today by Commercial Distribution Finance (CDF), a...
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December 29, 2015, 07:04 AM
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Commercial Distribution Finance (“CDF"), a business of GE Capital, announced that Arctic Cat, a leading manufacturer of recreational products, has chosen CDF as an exclusive provider for dealer inventory financing across North America. The financing...
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December 18, 2015, 07:12 AM
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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...
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December 08, 2015, 12:00 PM
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Shipments and retail registrations of recreational vehicles (RVs) are both up, according to data from the Recreational Vehicle Industry Association (RVIA) and Statistical Surveys Inc. (SSI). These metrics have positive implications for the RV...
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September 23, 2015, 06:56 AM
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Optimism remains high in the recreational vehicle (RV) industry, according to survey results released today by GE Capital’s Commercial Distribution Finance (CDF) business. Forty-one percent of survey respondents said they expect sales to rise 5...
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December 12, 2014, 07:12 AM
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The recreational vehicle (RV) industry continues to experience strong and steady growth, according to performance data from GE Capital, Commercial Distribution Finance (CDF), a major provider of financing to the industry. Early headwinds this year...
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September 12, 2014, 06:17 AM
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GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown...
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September 02, 2014, 06:57 AM
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Dealers of recreational vehicles (RVs) are increasing their inventory levels this year in anticipation of a strong selling season, according to GE Capital’s Commercial Distribution Finance (CDF) business, a leading provider of financing to the...
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March 19, 2014, 06:24 AM
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Recreational vehicle (RV) manufacturers are seeing double-digit growth and RV dealers are selling through products at an increasing rate, said GE Capital, Commercial Distribution Finance (CDF). That’s consistent with the positive activity seen in the...
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September 05, 2013, 07:00 AM
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GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue...
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August 13, 2013, 06:50 AM
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Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, introduces commercial use RVs, fifth wheels and utility/mobile trailers to its equipment financing service. Earlier this year, Priority One...
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April 19, 2013, 07:00 AM
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Four years after the height of the economic downturn, participants in the recreational vehicle (RV) industry in the U.S. and Canada believe they’re heading in the right direction, according to survey results released today by GE Capital’s Commercial...
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December 11, 2012, 07:05 AM
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GE Capital’s Commercial Distribution Finance (CDF) business says it is optimistic about the outlook for the RV industry and remains committed to providing flexible inventory financing (floorplan) products."RV sales are often tied to economic...
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November 20, 2012, 06:30 AM
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