Industry

First National Capital Provides $35MM Debt Refinance Facility to Oil and Gas Company

Commercial equipment and aviation finance provider First National Capital provided a $35 million debt refinance facility to an upstream oil and gas, machining and forging company. read more

National Westminster Bank Leads $70MM in Equipment Financing for Bristow Group

Vertical flight solutions provider Bristow Group entered into a new 12-year secured equipment financing for an aggregate amount up to £55 million ($70 million) with a syndicate of banks led by National Westminster Bank. read more

ELFA Reports 3.9% Y/Y Growth in New Business Volume in Equipment Finance Industry in 2023

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for December was $12.5 billion, up 2% year over year, while cumulative new business volume for 2023 was up 3.9% compared to 2022. read more

FTI Consulting Finds ‘Cautious Optimism Prevails’ for Lenders

FTI Consulting’s 2024 Leveraged Loan Market Survey found that cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year when only 29% had such a view. read more

Student Devices & Security Equipment Were TEQlease’s Most Financed Assets in 2023

In 2023, student devices and security equipment topped the school equipment categories TEQlease Education Finance leased and financed for K-12 and other U.S. schools. read more

LTi Technology Solutions Celebrates 35 Years in Business

LTi Technology Solutions, a charter member in the equipment finance industry, is celebrating its 35-year anniversary in 2024. Co-founded in 1989 by Randy Haug and Russ Hallberg, LTi is a privately owned business that prides itself on being deeply rooted in the industry. read more

Equipment Finance Cares Announces Panel, Speaker & Foundations for February Event

Equipment Finance Care will hold its next event on Feb. 20 from 1:30 p.m. to 7 p.m. PT at Blue Street Capital’s headquarters in Huntington Beach, CA.  read more

Chesswood Group Initiates Review of Strategic Alternatives

Chesswood Group, a publicly traded North American specialty finance company providing commercial equipment leases and loans, has initiated a review of strategic alternatives to maximize shareholder value. read more

Meridian OneCap Credit Chooses Syndifi for All-In-One Syndication

Meridian OneCap Credit, a provider of commercial equipment finance and leasing solutions for equipment dealers and end users in Canada, selected Syndifi’s platform to streamline its syndication process. read more

Maxim Commercial Capital Reports 86% Increase in Funded Deals in 2023, Names New CEO

Maxim Commercial Capital reported an 86% increase in funded deals during 2023 compared to 2022. The company also promoted Michael Kianmahd to CEO, effective Jan. 1. read more

Northteq’s January Product Release Delivers Enhanced Lending and Pricing Solutions

Northteq, a provider of Salesforce loan origination solutions, unveiled a range of new features and enhancements in its January product release, including expanded product and pricing offerings and vendor and partner portal advancements. read more

Gibraltar Equipment Finance Extends $1.75MM to Sponsor-Backed Electric Services Company

Gibraltar Equipment Finance closed a $1.75 million equipment lease to support an electric utility infrastructure services company. The new capital equipment facility will support the company’s recent geographical footprint expansion. read more

Citi and LuminArx Capital Announce the Launch of Private Lending Vehicle

Citi and LuminArx Capital announced the launch of Cinergy, a financing vehicle in the private lending market. Launched by LuminArx Capital, Cinergy will offer a range of private credit solutions to companies, including Citi’s global client base. read more

MMP Capital Sets Company Record with More Than $358MM in Originations in 2023

MMP Capital reported that it recorded $44 million in originations in December and $110 million in Q4/23 alone, leading to a company-record of more than $358 million in originations in 2023. read more

Griffin Global Asset Management Upsizes Unsecured Revolving Credit Facility to $575MM

Griffin Global Asset Management Holdings added Truist Bank with a $50 million commitment into its unsecured revolving credit facility. This transaction closed on Dec. 29, 2023, and increases the amount available in the facility to $575 million. read more

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