HOFFMAN ESTATES, Ill. - (Business Wire) GE Capital Solutions, Commercial Distribution Finance (CDF) announced that it has extended the term of the credit facility for Pomeroy IT Solutions, Inc, a leading provider of IT infrastructure solutions focused on enterprise, network and end-user technologies, for an additional year. CDF has also increased Pomeroy's credit facility to 80 million.
“Pomeroy has enjoyed a long standing, valued relationship with GE Capital Solutions,” said Kevin Gregory, CFO, Pomeroy IT Solutions. “The GE team’s financial expertise and commitment to our business make it a pleasure to work with them.”
GE Capital Solutions provides financing that includes accounts receivable working capital loans, purchase order financing, inventory financing and other programs for various industries, including technology and telecommunications.
“We appreciate Pomeroy’s continuing confidence in GE, and look forward to providing the company with financial solutions now and in the future,” said Tom Grathwohl, managing director of GE Capital Solutions' Technology unit. “Through our customized inventory and accounts receivable financing, Pomeroy is able to leverage our channel programs to meet the needs of their customers.”
About GE Capital Solutions, Commercial Distribution Finance
GE Capital Solutions, Commercial Distribution Finance, is a leading provider of specialized financing products and services for various industries. Offerings include inventory financing, accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information about CDF can be found online at www.ge.com/cdf.
GE Capital Solutions provides leasing, lending and capital investment products and services to help business customers grow. It has over $100 billion in assets, serves more than 1 million clients around the world and is headquartered in Danbury, Conn., USA. For more on GE Capital Solutions, go to www.ge.com/capitalsolutions. 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.
About Pomeroy IT Solutions
About Pomeroy IT Solutions, Inc. Pomeroy IT Solutions, Inc. is a leading provider of IT infrastructure solutions focused on enterprise, network and end-user technologies. For more information, go to www.pomeroy.com.
GE Capital Solutions, Commercial Distribution Finance
Beth Revers, 847-747-7766
