Worldwide revenues for the artificial intelligence market, including software, hardware and services, are forecasted to grow 16.4% year over year in 2021 to $327.5 billion, according to International Data Corporation. read more

FEB 24, 2021 - 6:37 am

CIT’s maritime finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships on behalf of a fund managed by Mangrove Partners. read more

FEB 24, 2021 - 6:36 am

Kroll Bond Rating Agency assigned a debt rating of BBB with a negative outlook to the non-cumulative perpetual Series B preferred stock to be issued by Air Lease, an aircraft leasing company headquartered in Los Angeles. read more

FEB 24, 2021 - 6:34 am

Encina Equipment Finance provided a $10 million equipment lease line to an aerospace component manufacturer. The equipment lease line is being used to fund new equipment purchases. read more

FEB 23, 2021 - 6:36 am

Pitney Bowes Bank signed a term loan and accompanying revolving line of credit with pharmaceutical ingredient wholesale distributor SST Corporation of New Jersey, providing consolidation of existing debt. read more

FEB 22, 2021 - 6:34 am

According to the Equipment Leasing & Finance Foundation’s February 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 64.4, an increase from the January index of 59.6. read more

FEB 18, 2021 - 6:46 am

CIT Group’s asset-based lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million for a commercial finance company serving government contractors. read more

FEB 18, 2021 - 6:34 am

Orion First has begun servicing contracts for ApplePie Capital, a lender dedicated to the franchise industry that provides transaction sizes ranging from $100,000 to $5 million. read more

FEB 17, 2021 - 6:33 am

Tamarack Consulting, a provider of independent software solutions to the equipment finance and commercial lending industry, changed its name to Tamarack Technology. read more

FEB 16, 2021 - 6:39 am

ENGS Commercial Finance developed a digital center that is “always connected” to vendors and customers and that delivers a digital to business (D2B) solution that predicts customers’ financing behaviors and customizes a solution for their exact needs. read more

FEB 16, 2021 - 6:37 am

CIT’s power and energy business served as a co-lead arranger on $93.3 million in financing for a portfolio of six battery energy storage systems owned by Key Capture Energy in Texas. read more

FEB 12, 2021 - 6:35 am

FSG Capital, an independent equipment finance company based in Laurel, MD, is marking its 30th year in business in 2021. read more

FEB 12, 2021 - 6:33 am

Avolon, an international aircraft leasing company, reported financial and operational results from 2020, including a 13% increase in lease revenue vs. 2019 and a 20% increase in total available liquidity. read more

FEB 12, 2021 - 6:31 am

Fleet Advantage reported that since introducing its sale-leaseback program in April 2020, the program has secured approximately $45 million in new business for the company. read more

FEB 11, 2021 - 6:39 am

Crédit Agricole CIB was green loan coordinator for Trinity Industries Leasing Company’s first green loan. More specifically, Crédit Agricole CIB, acting as green loan coordinator, closed a green loan amendment of the non-recourse senior secured term loan for Trinity Rail Leasing 2017. read more

FEB 11, 2021 - 6:37 am