Industry

ELFA: January New Business Volume Up 3% Y/Y, Down 49% M/M

The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for January was $6.2 billion, up 3% year-over-year from new business volume in January 2016. read more

SKY Leasing Completes Successful Launch Year

SKY Leasing originated an initial portfolio of 18 aircraft with an appraised value of approximately $1.0 billion and diversified globally across 14 different lessees during its launch year. read more

Wells Fargo Terminates Four Execs Based on Investigation

Wells Fargo terminated four current or former senior managers based on its board of directors’ ongoing independent investigation into the company’s retail banking sales practices and related matters. read more

Onset Financial Sets Record with $30MM in Fundings to Start 2017

Onset Financial finished the first 45 days of 2017 with $30 million in fundings, a new record for the equipment leasing company and a continuation of Onset’s accumulation of $130 million in fundings in 2016. read more

Stonebriar Plans to Increase Activity in Structured Finance

According to Reuters, in an interview with IFR, Stonebriar Commercial Finance President and CEO Dave Fate said that the company wants to become a key player in the structured finance market. read more

Equipment Finance Industry Confidence Takes a Step Back in February

Confidence in the equipment finance market is 72.2, leveling off after January’s all-time high index of 73.4, according to the Equipment Leasing & Finance Foundation’s February 2017 Monthly Confidence Index. read more

Ares Agents ABL Revolver Upsize for OnDeck Asset Funding

OnDeck Funding, a subsidiary of OnDeck Capital, amended its existing ABL revolver that provides for an increase in lenders’ commitment from $100 million to $150 million. Ares Agent Services served as administrative agent. read more

ELFA Outlines Eight Reasons to Finance Equipment

According to the ELFA, 78% of U.S. businesses lease or finance their equipment. The association released an infographic outlining eight reasons why. read more

TCP Provides $100MM Engine Financing Facility to Mesa Airlines

Tennenbaum Capital Partners agreed to provide a $100 million engine financing facility to Mesa Air Group, which will be used to purchase a portfolio of new GE CF34-8C5 engines. read more

Capital One Arranges $55MM Refi for Behavioral Healthcare Company

Capital One Healthcare served as lead arranger for a $55 million credit facility for the Center for Discovery, a portfolio company of Webster Capital. read more

WNB Selects Ivory’s SuperTRUMP Web for Pricing Equipment Leases

The equipment financing division of Woodforest National Bank Specialty Finance selected the web version of Ivory Consulting’s SuperTRUMP to support the modeling and pricing of complex, after-tax leases. read more

Western Equipment Finance Adds Customer Service Rep

Leah Poulsen joined Western Equipment Finance as a customer service representative. Her duties include taking payments, calculating interest paid, address changes, running payoffs and providing payment histories. read more

Reuters: Alternative Lenders Boosted by Demand for Leveraged Loans

Reuters reported that investor demand for leveraged loans is helping alternative lenders lead deals that traditional banks can’t provide. read more

Titan Machinery Reveals Details of Restructuring Plan

Titan Machinery, a network of agricultural and construction equipment dealerships, will implement a restructuring plan to consolidate certain dealership locations and a reorganization of its operating structure. read more

ING Provides $50MM Equipment Financing for Amulsar

Lydian International entered into $50 million of equipment financing with ING Bank to purchase equipment for Lydian’s Amulsar gold project in Armenia. read more

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