Last Week’s Top Stories

Element H1/17 Revenue Down 2.9%, Reports Loss on 19th Capital JV

Element Fleet Management released its Q2/17 financial results, reporting core fleet management net revenue was C$436.5 million ($344.09 million) in the first half of the year, down 2.9% from C$449.7 million ($354.5 million) in the first half of 2016. read more

Nordic Equipment Leasing Company to Expand into North America

Lighthouse Finance AS entered into a strategic partnership with Simpler Funding to expand its middle market financing and supply chain solution offerings into North America. read more

OnDeck Reports Lower Q2 Losses; Originations Down on Loan Tightening

OnDeck reported lower Q2/17 net losses compared to the same quarter in 2016. Loan volume of $464.4 million was down from $589.7 million a year earlier. read more

Nations Equipment Finance Appoints Houng Sales VP

Nations Equipment Finance appointed William Houng vice president of sales. read more

United Leasing & Finance Secures $350MM Credit Facility with BofA

United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent. read more

Hitachi Vendor Services Launches Financing Program for Autani

Hitachi Capital America Vendor Services joined forces with Autani to provide financing to customers of its EnergyCenter suite of building management products and services read more

CIT Expands Industrial Sales Team for Equipment Finance Division

CIT added Maurice Smith and Susan Taldone to its equipment finance division to support the growth of its industrial market segments. read more

Mitchell Joins TAB Bank’s Business Development Team

TAB Bank added Chris Mitchell to its business development team as vice president and business development officer. read more

Report: Element Fleet Management Doubles Size of ABS

According to a Nasdaq report, citing data from the International Financing Review, Element Fleet Management’s most recent ABS issue reached $1 billion, which effectively doubled its size. read more

Volvo Financial Q2 Volume 13% Higher Despite ‘Intense’ Competition

Volvo Financial Services recorded a higher level of new business volume in Q2/17 on stable deliveries and improved penetration, despite intense competition in most markets. read more

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