News Topics

Aircraft Deals

Air Lease Delivers New Airbus A321-200neo to Vietnam Airlines

Air Lease delivered one new Airbus A321-200neo aircraft to Vietnam Airlines, the first of 12 new A321-200neos scheduled for delivery to the ailine through 2019 from ALC’s order book with Airbus. read more

Associations

ELFA Elects Wintrust CEO Normandin to Board of Directors

David Normandin, president and CEO of Wintrust Specialty Finance, was elected to serve on the Board of Directors for the Equipment Leasing and Finance Association. read more

Economy

Fed Continues to See Labor Market Strength, Growing Economic Activity

Information received after the Federal Open Market Committee December meeting indicates that the labor market continues to strengthen and economic activity is rising at a solid rate. Therefore, the Committee decided to maintain the federal funds target range at 2.25% to 2.50%. read more

Equipment Sector

U.S. Trailer Orders Close Up 35%, Setting Annual Record in 2018

U.S. trailer order volume slid sequentially for the third month in a row, but the industry still posted nearly 28,000 net orders in December, according to the ACT Research State of the Industry: U.S. Trailer Report. read more

Industry

TAB Funds $15MM Revolver for Construction Supplies Company

TAB Bank provided a $15 million asset-based revolving credit facility to a construction supply company with operations in California and Minnesota. read more

International

Boeing Capital Musing Partnerships with Middle Eastern, African Banks

According to The National, Boeing Capital is looking into partnerships with Middle Eastern and African financial institutions to create shariah-compliant aircraft funding for its customers in the region. read more

Joint Ventures

Ascentium Partners with Massage Envy for Strategic Finance Program

Direct lender Ascentium Capital developed a national finance program with Massage Envy, a provider of therapeutic massage and skin care services, to support the latter’s franchisees. read more

Lease Accounting

New Lease Accounting Standards Can Lead to New Savings for Companies

According to the Wall Street Journal, the new lease accounting standards have given some companies the opportunity to find unexpected savings, despite the more time-intensive reporting requirements. read more

Legal / Fraud

Thompson Hine Elects New Partners

Thompson Hine elected five new partners. David D. Thomas, a member of the Commercial & Public Finance practice group, focuses on commercial financing and advises clients on equipment leasing transactions. read more

Mergers / Acquisitions

Chemical Financial and TCF Financial to Merge

Chemical Financial and TCF Financial signed a definitive agreement under which TCF will merge into Chemical in an all-stock merger of equals transaction. The combined company will operate under the TCF name. read more

New Ventures

CSI EPC Expands to Vancouver

Toronto-based CSI Electronics Processing Centre, a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by opening a facility in Vancouver, BC. read more

Of Interest

Ritchie Bros. to Auction off 11,500+ Items at Orlando Event

Ritchie Bros. added 20 extra acres for equipment display at its upcoming February 2019 Orlando auction. The six-day mega auction already has 11,500+ equipment items and trucks listed for sale by companies across the United States. read more

People

Olson, Myrick Join Fintech Firm Built Technologies as Directors

Billy Olson and Natalie Myrick joined Built Technologies, a fintech company focused on bringing construction lending into the digital age. Olson joined as director of builder financial solutions and Myrick as director of mortgage solutions. read more

Program Agreements

Partners Capital Enters Equipment Financing Relationship with SHARC

Sharc International Systems announced a strategic financing relationship with Partners Capital Group as an equipment finance partner for direct lender of equipment loans and leases. read more

Recent Earnings

Arvest Equipment Finance Sets Record for New Production

Arvest Equipment Finance closed more than $161 million in new production in 2018, a record total for the Arvest Bank division. read more

Securitization

Hercules Capital Completes $250 Million Securitization

Hercules Capital Funding Trust 2019-1, an indirect subsidiary of Hercules Capital, issued $250 million in class A notes rated A(sf) by KBRA, backed by approximately $357.2 million of senior secured loans. read more

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