Textron Financial Business Credit Provides $50 Million Asset-Based Facility to Lily Transportation

Business Wire, April 4, 2007

ALPHARETTA, Ga. -- Textron Financial Corporation, a Textron Inc. (NYSE: TXT) company, announced today that its Business Credit Division provided a $50 million syndicated revolving credit facility to Lily Transportation Corporation, a leader in transportation and distribution services. The revolving credit facility includes sub-facilities for letters of credit as well as new revenue equipment purchases. Wachovia Capital Finance is a co-lender in the facility.

"Due to our knowledge of the industry, coupled with our strong relationship with Lily Transportation's management team, we are able to deliver a customized financing solution," said Textron Financial Business Credit President Russ Brant. "Our facility will allow the company to continue growing its business with both existing and new customers."

"This new financing provides enhanced liquidity for our growing working capital needs as well as support of strategic growth initiatives including the completion of our fleet renovation program and acquisitions," said Stephen F. Dmohowski, chief financial officer for Lily Transportation. "Textron Financial Business Credit and Wachovia Capital Finance are able to structure flexible financing, which will provide the capital we need to support our projected growth."

Textron Financial's Business Credit Division offers lending solutions tailored to the business needs of each customer. Concentrating on middle market and small-cap companies in the manufacturing, distribution, retail and service industries, Business Credit creates financing options that help companies execute growth strategies, recapitalizations, mergers and acquisitions, turnaround financing, refinancing and debtor-in-possession financing.

About Lily Transportation Corporation

Lily Transportation is a leader in transportation and distribution services. As one of the largest independently owned and operated truck leasing and logistics operations in the Northeast, the company offers Truck Leasing, Dedicated Distribution Services, and Specialized Truck Maintenance Services. Headquartered in Needham, Massachusetts, the Company operates primarily in New England, New York, New Jersey, Pennsylvania, North Carolina and Southern California. Additional information about the company is available at www.lily.com.

About Textron Financial Corporation

Textron Financial is a diversified commercial finance company with $10 billion in managed receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at www.textronfinancial.com.

About Textron Inc.

Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.