Industry

ECN Capital Plans Normal Course Issuer Bid for Common Shares

ECN Capital plans to file a notice of intention with the Toronto Stock Exchange to commence a normal course issuer bid for its common shares. read more

ENGS Commercial Capital Closes $2.5MM Factoring Facility

ENGS Commercial Capital, a division of ENGS Commercial Finance, closed on a $2.5 million factoring facility for an agency that provides skilled labor to the construction industry. read more

Hilco, Gordon Bros to Manage Kyle Erwin Construction Asset Sale

Hilco Industrial and Gordon Brothers will sell general use transportation and mid-sized construction equipment from Kyle Erwin Construction. read more

Global Commercial Aircraft Leasing Market to Grow at 6.44% CAGR

The global commercial aircraft leasing market is expected to grow at a CAGR of 6.44% during the period 2017-2021 according to Research and Markets "Global Commercial Aircraft Leasing Market 2017-2021" report. read more

ELFA’s June Leasing Index Shows 13% Growth in Y/Y Volume

The Equipment Leasing and Finance Association’s monthly leasing and finance index showed that overall new business volume for May was $7.7 billion, up 13% year over year from new business volume in May 2016. read more

KWIPPED, Franek Partner to Offer Laboratory Equipment Leasing Options

Franek Technologies partnered with KWIPPED, allowing customers to lease its UPS equipment. read more

Onset Financial Named No. 23 Best Company to Work for in Utah

The Deseret News named Onset Financial the No. 23 best place to work in the state of Utah. read more

Van’s Equipment Acquired by Sunbelt Rentals

Van’s Equipment was acquired by Sunbelt Rentals, the U.S. construction and industrial equipment rental subsidiary of Ashtead Group. read more

Lack of C&I Loan Growth Signaling Recession Ahead

According to commentary that appeared in the Lombardi Letter, an economic recession is likely should meaningful C&I lending continue to be stalled. read more

BB&T Renames Susquehanna Commercial Finance Unit

BB&T renamed the former Susquehanna Commercial Finance unit as BB&T Commercial Equipment Capital. read more

ENGS Commercial Finance Launches New Mobile App

ENGS Commercial Finance released the ENGS Mobile App 2.0, a platform that offers connectivity and convenience for customers to access their online accounts. read more

CDPQ, GECAS to Join Forces in Creating $2B Aircraft Financing Platform

Caisse de dépôt et placement du Québec (CDPQ), an institutional asset manager, and GE Capital Aviation Services signed a commitment letter to create a $2 billion global aircraft financing platform. read more

Ivory Consulting, IDS Announce Product Integration

Ivory Consulting and International Decision Systems announced an integration between their respective equipment financing solutions, SuperTRUMP and Rapport. read more

Goldman Sachs, Others Support Amazon $13.7B Whole Foods Buy

Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. Goldman Sachs, Goldman Sachs Lending Partners, Merrill Lynch and Bank of America, have committed to provide a 364-day bridge term loan facility to support the transaction. read more

CAI Expands Credit Facility; Q2/17 Earnings Expected to Double

Transportation and logistics company CAI International increased its revolving credit agreement with its lenders to $960 million. CAI also noted its Q2/17 earnings are expected to increase 100% year over year. read more

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