David Wisen Named President of Textron Financial's Capital Markets Group.Business Editors PROVIDENCE, R.I.--(BUSINESS WIRE)--Dec. 11, 2002 Textron Financial today announced that David Wisen has been named President and Managing Director of its Capital Markets Group, a business unit which provides loan syndication Loan Syndication The process of involving numerous different lenders in providing various portions of a loan. Notes: Mainly used in extremely large loan situations, syndication allows any one lender to provide a large loan while maintaining a more prudent and manageable , asset securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. , mezzanine debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay , and related capital markets services to the company's lending units and customers. The Capital Markets Group has structured and syndicated more than $10 billion worth of loans and leases secured by receivables, equipment, and real estate. David Wisen succeeds Frank Ficca, who has agreed to postpone retirement and remain with the Capital Markets Group to assist with special situations as they occur. David Wisen has held several positions of increasing responsibility in his nine years with Textron Financial and Textron Inc. Prior to his current executive role within the Capital Markets Group, Mr. Wisen was Assistant Treasurer, International at Textron Inc.; Vice President and Treasurer at Textron Financial; and Vice President, Corporate Development, responsible for mergers and acquisitions at Textron Financial. David Wisen holds a JD degree from Duke University School of Law  The Duke University School of Law is the law school and a constituent academic unit of Duke University, Durham, North Carolina, United States. and a BA degree from Columbia University. About Textron Financial Corporation Textron Financial is a diversified commercial finance company with $9.5 billion in managed and serviced receivables. It has core operations in asset-based lending Asset-Based Lending A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". , captive sales finance, distribution finance, and resort finance, and complementary services that include asset management, syndications, portfolio servicing, and insurance brokerage. Additional information about the company is available at www.textronfinancial.com. About Textron Inc. Textron Inc. (NYSE NYSE See: New York Stock Exchange : TXT TXT Text TXT Text File (filename extension) TXT Textile TXT Teletext TXT Tecnologia per a Tothom TXT Textron Corporation (stock symbol) ) is a $12 billion multi-industry company with more than 51,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, fastening systems, industrial products, industrial components and finance. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion