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Finance Company Services Finalizes $25 Million Asset Purchase Program with Westburg Media Capital

COLUMBUS, OH - Finance Company Services (FCS), a division of Textron Financial Corporation, today announced that it is funding a $25 million asset purchase program with Westburg Media Capital. FCS is a specialized financial service company focused on meeting the needs of the middle market, independent lending community. Westburg Media Capital is an established, privately held lender focused on serving the U.S. media industry with working capital facilities.

Under the terms of the agreement, loans that are originated through Westburg are sold to FCS, thus freeing up availability under Westburg's bank line of credit. Westburg continues to service the assets and has the option to buy them back in the future, giving the company an additional strategic partner to fund its growth. "The beauty of this arrangement is the 'behind-the-scene' nature of FCS's involvement," said Westburg CEO, David Westburg. "We continue to provide day-to-day service, enabling us to stay close to our customers and the markets we serve while our funding coffers are replenished with capital from FCS."

FCS President Mark D. Quinlan said, "This innovative program will help Westburg maintain liquidity with its bank group and save the company from having to access the capital markets for additional debt or equity during this challenging economic time."

About Westburg Media Capital Headquartered in Spokane, Washington with lenders in Seattle, Denver and Chicago, Westburg Media Capital is an established, privately held lender focused on serving the U.S. media industry with working capital facilities ranging from $500,000 to $5 million. Westburg defines media as Cable TV, Internet Service Providers, Publishing, Web Hosting, Outdoor Advertising, Radio stations and Cellular Tower operators. More information is available at http://www.westburg.com/.

About Finance Company Services Finance Company Services ("http://www.financecompanyservices.com/) is a division of Textron Financial Corporation that is devoted exclusively to companies whose raw material is money. Headquartered in Columbus, Ohio, FCS also has regional offices in Williamstown, Massachusetts and Lutz, Florida.

Textron Financial is a diversified commercial finance company with $9.1 billion in managed receivables and twenty-two years of record earnings. Its market-aligned businesses provide lending and leasing to small and middle market companies, as well as financial services that include asset management, syndications, portfolio servicing, and insurance brokerage. Textron Financial also provides specialty finance for the golf, franchise, and timeshare industries. Additional information about the company is available at www.tfc.textron.com.

Textron Inc. (NYSE: TXT) is a $13 billion global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial Products, Fastening Systems and Finance. Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies" and Industry Week magazine's "Best Managed Companies." Additional information is available at www.textron.com.