News

Susan Carol Creative Rebrands as Foresight Marketing Agency

Susan Carol Creative, a public relations and marketing communications consultant for B2B clients in commercial finance, equipment finance, secured lending, banking and financial technology, rebranded as Foresight Marketing Agency to reflect the agency’s significant growth in capabilities. read more

Equipment Finance Cares and AACFB Form Strategic Partnership

Equipment Finance Cares formed a strategic partnership with the American Association of Commercial Finance Brokers. Through this collaboration, Equipment Finance Cares will organize community activities preceding AACFB conferences, including a charity conference prior to the AACFB’s upcoming annual conference in Arizona. read more

Mitsubishi HC Capital America Enters Loan Agreement with Renew Energy Partners

Renew Energy Partners announced the financing of its fourth investment vehicle, Renew Energy Efficiency Projects 4, with the special purpose entity executing a master revolving loan and security agreement with Mitsubishi HC Capital America. read more

11 ELFA Member Employees Receive Principles of Equipment Leasing & Finance Certificates

The Equipment Leasing and Finance Association announced that 11 member employees completed its two-day, instructor-led “Principles of Equipment Leasing and Finance” curriculum in March, which culminated in the completion of an exam and the awarding of certificates of achievement signifying each participant's exposure to and understanding of the basics of equipment leasing and finance. read more

Quiktrak Purchases TKS Group, Acquires CHECKS Auditing Software

Quiktrak purchased the TKS Group. The purchase brings TKS’s CHECKS software, a mobile-first, AI-driven technology solution for managing assets and audit processes, under the Quiktrak umbrella. read more

HSBC Leads Syndicated Senior Credit Facility for AvAir

AvAir, an inventory solutions provider for the aviation aftermarket, closed a new three-year syndicated senior credit facility led by HSBC Bank USA as administrative agent and lead arranger. The syndicate also includes First Citizens Bank and Western Alliance Bank. read more

M&A Professionals Report Economic Optimism and Expect Increases in Deal Volume

A new survey from Grant Thornton showed that mergers and acquisitions professionals are highly optimistic about the state of dealmaking. The survey, which polled 238 M&A professionals, found that 81% of respondents expect deal volume to increase or significantly increase over the next six months. read more

New ELFF Study Offers In-Depth Examination of Surging Growth Opportunities in Climate Finance

An accelerated shift in government policy, corporate policy and capital deployment strategy are precipitating enormous investment that is driving global growth in climate finance to an estimated $9 trillion by 2030, according to a new study from the Equipment Leasing & Finance Foundation. read more

Providence Capital Selects Consult Disrupt for Lease Accounting RFP Analysis

Providence Capital Funding selected Consult Disrupt, a consulting organization formed to support equipment finance companies with day-to-day operations and technology-related projects, to lead its RFP system selection process and assist with its upcoming software conversion. read more

Webster Financial CFO MacInnes to Retire

Glenn MacInnes intends to retire from his role as executive vice president and CFO of Webster Financial, the holding company for Webster Bank and its HSA Bank division, after 13 years with the company. read more

Trinity Capital Prices Offering of $100MM of 7.875% Notes Due in 2029

Trinity Capital priced an underwritten public offering of $100 million in aggregate principal amount of 7.875% notes due in 2029. Trinity intends to use the net proceeds from this offering to pay down a portion of its existing indebtedness outstanding under its KeyBank credit facility. read more

ServisFirst Bank Expands Footprint in Tennessee

ServisFirst Bank expanded in Tennessee by adding a new office in Memphis, TN, and hiring eight bankers to lead the region, including Joel E. Smith as market president and Scott Forman and Michael Joyner as senior vice presidents of commercial banking. read more

New Business Volume for Equipment Finance Industry Up 4% Y/Y, Down 15% M/M in February

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed that the equipment finance industry recorded $7.9 billion in overall new business volume in February, up 4% year over year from new business volume in February 2023. However, volume was down 15% from $9.3 billion in January. read more

Dext Capital Upsizes Corporate Note Financing

Dext Capital, a healthcare equipment lessor, upsized its investment-grade corporate note and will use proceeds for new originations and growth initiatives. Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction. read more

Certified Lease & Finance Professional Foundation Adds 21 New CLFPs

The Certified Lease & Finance Professional (CLFP) Foundation certified 21 individuals who recently passed the online proctored CLFP exam. read more

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