Press Releases

11/15/2010

LG Electronics USA Launches New Financing Advantage Program

Macquarie will provide flexible financing for popular LG displays in the commercial marketplace*

LG Electronics USA Launches New Financing Advantage Program

Macquarie will provide flexible financing for popular LG displays in the commercial marketplace*

NEW YORK, Nov. 15, 2010 - LG Electronics USA, a leading provider of flat-panel HDTV technologies, 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 all of LG’s commercial customers.


In addition to these benefits, 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 can help 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 for our customers during these challenging economic times,” said Ron Snaidauf, vice president, Business Solutions, LG Electronics USA. “This new financing arrangement allows customers continued access to our full line of commercial products while benefiting from a flexible financing agreement.”


LG’s Financing Advantage Program allows flexibility when leasing equipment on a project basis or extending a lease if equipment requirements run longer than expected. The program also offers services such as soft-cost bundling, scheduled technology refreshes, and asset disposal. These 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/financing.

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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 the Macquarie Group, provides lease financing, asset management solutions, and remarketing of technology, healthcare, and capital equipment for enterprises around the globe. MEF specializes in providing solutions to help customers finance and manage their technology equipment fleets. In addition to working directly with customers, MEF provides financing solutions to major equipment vendors to allow them to provide additional services to their end user customer base. MEF has operations in North America, Europe, Asia and Australia and assets under management of in excess of $1.6 billion.

The 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. 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 US$307 billion. For more information, visit www.macquarie.com/mef.


*Leasing provided by Macquarie Equipment Finance, LLC ("Macquarie"), an independent company. Macquarie is not obligated to offer equipment leases or other financing in connection with any LG products. Macquarie is not an agent of LG and is solely responsible for any leasing or financing programs. LG shall have no responsibility with respect to any leasing or financing programs between Macquarie and end-users. End-users should contact Macquarie directly with any concerns or issues regarding its leasing or financing programs.

CONTACTS: LG Electronics USA
John Taylor (847) 941-8181, john.taylor@lge.com
Katie Busch (312) 397-6025, katie.busch@lg-one.com

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