GE Commercial Distribution Finance Corp. plans to issue $442 million of deal floorplan asset backed noted from its GE Dealer Floorplan Master Note Trust, Series 2013-1 structure.
Fitch Ratings has assigned preliminary rating to the notes. The capital structure includes $400 million of ‘AAA’ –rated notes; $8.42 million of ‘A’- rated noted; and $12.63 of ‘BBB’-rated notes. It will also offer $21 million of D class notes that have not been rated by Fitch. Barclays is lead underwriter.