LG Electronics USA Launches New Financing Advantage Program

Macquarie Will Provide Flexible Financing for Popular LG Displays In Hospitality, Lodging, Digital Signage, Healthcare Markets

News provided by

LG Electronics USA

Nov 15, 2010, 12:45 ET

NEW YORK, Nov. 15, 2010 /PRNewswire/ -- LG Electronics USA, a leading provider of flat-panel HDTV technologies to the hospitality and digital signage industry, today announced a new lease-based financing program that makes it simpler than ever to provide commercial customers with an affordable way to acquire new LG products and services.

The "LG Financing Advantage Program," serviced through an alliance with Macquarie Equipment Finance, will offer new and existing LG customers equipment, services, and financing from a single source for the hospitality, lodging, digital signage and healthcare verticals.

In addition to these advantages, the LG Financing Advantage Program provides customers with tailored terms and payments and the ability to reduce upfront costs by bundling hardware, software, services and associated expenses (i.e. shipping, installation and maintenance), with 100 percent financing. The program preserves credit lines and conserves working capital for other uses, and helps customers manage cash flow more efficiently.

"In order to help companies maximize their technology expenditures, we worked with Macquarie Equipment Finance to create an attractive leasing program to our customers during a turbulent economic period," said Ron Snaidauf, vice president, Business Solutions, LG Electronics USA. "This new financing arrangement allows customers continued access to our full line of commercial display solutions while benefiting from a flexible financing agreement."

As the customer needs vary, LG's Financing Advantage Program will allow them the flexibility to lease equipment on a project basis or extend their lease should equipment requirements run longer than expected. The program also offers such services as soft-cost bundling, scheduled technology refreshes, and asset disposal. Such services enable customers to add on or upgrade equipment to match their changing business requirements and to keep current with the latest technology enhancements.

For more information about the LG Financing Advantage Program, please visit www.lgsolutions.com/solutions/financing

About LG Electronics USA

The LG Electronics USA Business Solutions division serves customers in the lodging and hospitality, digital signage, systems integration, healthcare, education, government and industrial markets. Based in Lincolnshire, Ill., with its dedicated engineering and customer support team, LG Electronics USA Business Solutions delivers business-to-business technology solutions tailored to the particular needs of business environments. LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global force in consumer electronics, home appliances and mobile communications. For more information, please visit www.LGSolutions.com.

About Macquarie Equipment Finance

Macquarie Equipment Finance, a member of Macquarie Group, provides lease financing, asset management solutions, and remarketing of technology, healthcare, and capital equipment for enterprises around the globe.

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 15,500 people. Assets under management total $307 billion. For more information, visit www.macquarie.com/mef.

SOURCE LG Electronics USA