Alpharetta, Georgia - May 11, 2004 - Textron Financial Corporation, the world's leading golf course lender, has completed its financing of the new, ultra-exclusive Trump National Golf Club at Bedminster, located in Bedminster, New Jersey with an affiliate of The Trump Organization. The terms of the agreement were not disclosed.
Trump National Bedminster, prominently featured on NBC's hit show, The Apprentice, will, upon completion, offer an 18-hole course, eighteen cottages, a men's locker room located in a restored carriage house and a 15,000 square foot Clubhouse created from the renovated estate home on the property, all situated on 465 acres at the historic Lamington Farm. Trump National Bedminster's exclusive location offers spectacular views of New Jersey's rolling hills countryside and a promise to deliver the finest golf experience to their most discriminating customers. "Thanks to Tom Fazio, the world's premier golf course architect, this will be a golf course second to none," said chairman of Trump National Golf Club, Ashley Cooper. The course is scheduled to be completed by late summer 2004. Greg Lewis, Northeast Regional Correspondent for Textron Financial's Golf Finance Division, said, "Trump National Golf Club at Bedminster will be one of the premier private clubs in the United States and a leading contender to host a major professional golf tournament."
Textron Financial is not a new partner to The Trump Organization, as this will be the third occasion that Trump has teed up Textron Financial to provide construction and permanent financing on new golf course projects. Two additional Trump golf club ventures in Textron Financial's portfolio include Trump National Golf Club at Briarcliff Manor in Westchester, New York and Trump International Golf Club in West Palm Beach, Florida. "Partnering with The Trump Organization for the third time is a testimony that they recognize Textron Financial as a trusted and preferred financer who understands their specific business needs and helps to create the ultimate golf experience," said Lewis.
Textron Financial is a diversified commercial finance company with over $8 billion in managed and serviced finance receivables. It has core businesses in Aircraft Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at www.textronfinancial.com.
Textron Inc. (NYSE: TXT) is a $10 billion multi-industry company with more than 43,000 employees in 40 countries. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.