Industry

ELFA: Independents Finding Opportunity Despite COVID-19 Environment

A majority of participants polled during a session presented at ELFA 2020 Business LIVE! said that independents will gain market share over banks and captives in 2021. Where they are finding opportunities and how they pursue deals were among the topics of an event session. read more

First International Supplies $13MM in Equipment Financing to Nuverra

Nuverra Environmental Solutions closed a multi-faceted debt refinancing with First International Bank and Trust. The debt refinancing includes $13 million in equipment financing, a $5 million undrawn working capital revolver and a $4.839 million letter of credit facility. read more

Cohealo Enters Equipment Sharing Group Purchasing Agreement with Premier

Cohealo, a sharing economy company in healthcare, entered a group purchasing agreement with Premier. The contract will give Premier members access to Cohealo’s sharing platform to reduce equipment needs this capital planning season and unlock savings opportunities. read more

Alta’s Deane to Retire After 27 Years at Helm of Consultancy Company

John C. Deane, CEO, chairman and a co-founder of The Alta Group, will retire at the end of 2020. Valerie L. Gerard and James R. Jackson Jr. were appointed co-CEOs, and Thomas C. Wajnert will serve as chairman of the international consultancy dedicated to the equipment finance industry. read more

Stonebriar Commercial Finance Supports Jones Act Maritime Industry

Stonebriar Commercial Finance has funded year to date and is currently projected to fund through 2021 more than $355 million secured by Jones Act-compliant marine vessels, including tugs, barges, tankers and container ships. read more

ELFA: Equipment Finance Industry NBV Falls 9% Y/Y, Rises 6% M/M in October

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for October was $9.2 billion, down 9% year over year from new business volume in October 2019. Volume was up 6% month to month from $8.7 billion in September. read more

eOriginal Ranks in Deloitte’s Technology Fast 500 for Fourth-Straight Year

eOriginal ranked 473rd on Deloitte's Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. read more

Avolon Prices $675MM Term Loan B Facility

Avolon, an international aircraft leasing company, priced a $675 million term loan B facility, which has a maturity date of December 2027. read more

Equipment Leasing Industry Confidence Rises in November

According to the Equipment Leasing & Finance Foundation’s November 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 56.1, an increase from the October index of 55.0. read more

DLL Wins Leasing Life 2020 Digital Innovation Award

DLL received the 2020 Digital Innovation Award from Leasing Life, a European leasing industry journal, during the first virtual Leasing Life Conference & Awards event. read more

CIBC Provides $60MM Line of Credit to Alliance Funding Group

CIBC Bank provided a $60 million revolving credit facility to Alliance Funding Group, a specialty finance company. read more

Liberty Commercial Finance Closes New Senior Lending Facility with Texas Capital Bank

Liberty Commercial Finance, an independent equipment lease and finance company, closed a new senior lending facility with Texas Capital Bank to further expand its direct funding capabilities. read more

5 Ways COVID-19 is Shaping the Equipment Finance Company of the Future

Studies suggest that COVID-19 has accelerated digital adoption by seven to 10 years and propelled use of business models with advanced technology by up to six years, according to a session presented at ELFA 2020 Business LIVE! on Oct. 27. read more

Monitor Live+ EF & Technology: Where Are We Now? Open for Registration

Registration is open for Monitor’s next Live+ event, “EF & Technology: Where Are We Now?” which will be held on Thursday, Dec. 3 at 3 p.m. ET. read more

First Financial Equipment Leasing Goes Live with Leasepath

Leasepath, a provider of the cloud-first Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, launched its flagship product with First Financial Equipment Leasing. read more

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