DALLAS - Lennox and CIT Group Inc., a global commercial finance company, have struck a vendor financing agreement to serve commercial customers of Lennox’ North American commercial contractors.

According to the company, CIT Vendor Finance will provide financing to qualified commercial customers to help them upgrade their existing, less-efficient HVAC systems to more energy-efficient Lennox models.

Designed to help businesses replace aging HVAC equipment nearing the end of its projected life span, the financing program will also provide Lennox clients with a streamlined application process and enhanced customer service plan.

“We are excited to offer our commercial contractors a comprehensive program to assist them in promoting high-efficiency HVAC equipment in the important planned replacement market,” said Susan Herndon, vice president, Lennox Commercial Sales.

“Financing is a key element of this program and we believe that the option provided by CIT Vendor Finance will appeal to the cash flow needs of many commercial end users.”

Kris Snow, co-president, CIT Vendor Finance, welcomed the opportunity to partner with an industry leader such as Lennox, he said.

“This financing program offers Lennox clients the chance to upgrade to newer, more-efficient equipment. This is good news for Lennox, their clients, and the environment.”

For more information, visit www.lennox.com or www.cit.com.

Publication date:04/14/2008