Industry

Chorus Aviation Enters $85MM Bought Deal Offering of 5.75% Senior Unsecured Debentures

Chorus Aviation entered an agreement with a syndicate of underwriters led by RBC Capital Markets, CIBC Capital Markets, Scotiabank and BMO Capital Markets, in which they will purchase from Chorus and sell to the public $85 million of senior unsecured debentures. read more

Equipment Finance Industry Confidence Eases Again in September

Confidence in the equipment finance industry eased to 60.5 in September, down from 66.6 in August, according to the September Monthly Confidence Index for the Equipment Finance Industry released by the ELFA. read more

Wells Fargo Partners With Microsoft, Google Cloud for New Digital Infrastructure Strategy

Wells Fargo announced its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers. Wells selected Microsoft Azure as its primary public cloud provider and Google Cloud for additional business-critical public cloud services. read more

Ritchie Bros. Sells More Than 8,100 Items for More Than C$59MM in Sept Edmonton Auction

Ritchie Bros. sold more than 8,100 equipment items and trucks for more than 1,100 consignors at its fourth Edmonton, AB auction of the year. The three-day online auction attracted more than 15,200 online bidders and generated more than C$59 million in gross transaction value. read more

Fleet Advantage Addresses Driver Retention, Lease Structures & Lowering Truck Emissions

Fleet Advantage will address fleet executives’ focus on driver retention, lowering emissions and the increased need for more flexibility in truck lease structures at the TMC Fall Meeting & Transportation Technology Exhibition. read more

Odessa Announces Investment from Thomas H. Lee Partners to Accelerate Growth

Odessa announced an investment from Thomas H. Lee Partners, L.P. (THL), a premier private equity firm that invests in growth companies. The strategic investment will support growth in the U.S. and international markets, expanding Odessa’s platform offering across financial services. read more

IDS Named in IDC FinTech Top 100 Rankings List

IDS was named one of the top 100 financial technology providers in the world by IDC Financial Insights, ranking 69th on the 2021 IDC FinTech Rankings. The ranking recognizes the world's leading hardware, software and service providers to the financial services industry. read more

Horizon Technology Finance and Trinity Capital Provide $40MM Venture Loan to Nexii

Horizon Technology Finance along with lending partner Trinity Capital, provided a $40 million venture loan to Nexii Building Solutions, a green construction technology company focused on creating environmentally-friendly, durable, cost-efficient and disaster-resilient buildings.   read more

Crestmark Provides More Than $23.6MM in Commercial Financing in H2/August

Crestmark Equipment Finance provided $6,484,462 in four new transactions; Crestmark Vendor Finance provided $4,413,415 in 43 new transactions and the Government Guaranteed Lending group provided $9,250,000 in financing for four new clients. read more

Monitor Live+ Poll Shows 95% of Attendees Want to Improve Syndication Process     

A poll taken during the event, Monitor Live+ Syndication: Yesterday, Today, and Tomorrow, showed 95% of attendees want to improve their company’s syndication process. Of attendees who took the poll, 45% currently syndicate via email, 23% use a technology platform and 19% use encrypted email. read more

Amerisource Closes $3MM Credit Facility for Construction Trucking Firm

Amerisource Business Capital closed and funded a $3 million senior credit facility for a North Carolina based industrial construction and trucking firm.  The proceeds were to support the company’s ongoing growth.  read more

Kroll Bond Rating Agency Upgrades Seaspan’s Issuer Rating to BB+ 

Seaspan, a wholly owned subsidiary of Atlas, announced that Kroll Bond Rating Agency has upgraded Seaspan's corporate rating to BB+ from BB and senior secured rating to BBB from BBB-. read more

Crayhill Capital Management Closes Second Principal Strategies Fund at $820MM

Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, announced the final close of Crayhill Principal Strategies Fund II with approximately $820 million of capital commitments.  read more

ELFF Survey Shows Positive Portfolio Performance and Increased Staffing Levels

The Equipment Leasing & Finance Foundation released the results of its second quarterly COVID-19 Impact and Recovery Survey, which reveal equipment finance companies’ staffing performance, work-from-home expectations and portfolio metrics, including deferrals, defaults and originations. read more

Progressive Leasing Launches ProgCentral, a New Lease-to-Own Experience for Merchants

Progressive Leasing has launched ProgCentral, a new retailer management platform that allows merchants to easily manage every aspect of their lease-to-own business from a computer, tablet or mobile device. read more

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Terry Mulreany
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