MINNEAPOLIS — GE Capital's Commercial Distribution Finance is now the exclusive provider of floorplan financing for Arctic Cat Inc.'s United States 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.

“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.”