Industry

Madison Capital to Cease Direct Equipment and Vehicle Financing

Madison Capital will no longer offer direct financing for new equipment and vehicles. The company will continue to service existing clients and active accounts, while also working as an intermediary for those clients seeking additional financing for new transactions. read more

Trinity Capital Provides $50MM in Equipment Financing to Form Energy

Trinity Capital, a provider of diversified financial solutions to growth-oriented companies, committed $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a class of energy storage systems. read more

BizCap Secures Growth Financing for Safety Network

BizCap, a commercial finance advisory firm, structured and secured growth financing for Safety Network, a provider of traffic control services and equipment. This financing will be used to expand operations by opening new locations and acquiring complementary businesses. read more

2025 Outlooks: The Trump Administration, 1071, Innovation, Treasury Yields and QBRs

In November, Suite by Monitor published 15 articles, covering the implications of a Trump Administration, Section 1071 of the Dodd-Frank Act, details about innovation and automation cycles in equipment finance, rising 10-year Treasury yields, QBRs and various outlooks for 2025. read more

HYPERAMS and Rabin Worldwide Host Auction of Food Processing Equipment

HYPERAMS, in partnership with Rabin Worldwide, has been commissioned to conduct an exclusive online-only auction for a collection of late-model food processing and packaging equipment from a former cheese snack production facility. read more

Fortune Names First American a Best Workplace for Parents

Fortune magazine and Great Place to Work selected First American Equipment Finance as one of the 2024 Best Workplaces for Parents. This is First American’s second time being named to this nationwide list, this year coming in at No. 21 (under 1,000 FTE). read more

KeyCorp and Scotiabank Receive Regulatory Approval to Complete Minority Investment

KeyCorp received all required regulatory approvals for completion of The Bank of Nova Scotia’s strategic minority investment in Key as announced on Aug. 12, 2024. read more

JetLoan Capital Shares ‘What to Know’ About Aircraft Borrowing Rates

Jetloan Capital predicts that borrowing rates will not start go down anytime soon; the rise in longer-term yields indicates that markets may be anticipating stronger economic growth, higher inflation, increased government debt or a mix of all three. read more

AP Equipment Financing Relocates Headquarters and Prioritizes Remote Work

AP Equipment Financing is relocating its primary physical office to a new address in tandem with its commitment to further embrace remote work. Starting Dec. 12, 2024, the company will operate as a primarily remote organization. read more

Santander Bank Launches Openbank

Santander Bank officially launched Openbank, a new digital banking platform. With the launch of Openbank, Santander aims to expand its addressable market in the United States. read more

LSI Equipment Implements Tamarack’s DataConsole in Tandem with TURBO-Lease

Regional farming and construction leasing company LSI Equipment has implemented Tamarack Technology’s DataConsole business intelligence in tandem with the TURBO-Lease back-office software to support business growth and drive operational efficiency. read more

EverBank Launches Specialty Deposit Division Led by Miller

EverBank has expanded its fiduciary banking capabilities with the launch of its specialty deposit division that is designed to provide customized banking solutions to fiduciary clients. This division is led by Tracy Miller, an accomplished financial professional. read more

Clarus Capital Closes $7MM Equipment Sale Leaseback Financing for Consumer Goods Manufacturer

Clarus Capital closed a $7 million capital lease facility for a vertically integrated manufacturer of private-label consumer products. The facility is designed to unlock liquidity tied to key production assets. read more

B. Riley Sells Stake in Great American to Oaktree, Forms Great American Holdings

B. Riley Financial entered into a definitive agreement to sell a majority ownership stake in Great American Group to funds managed by Oaktree Capital Management. This change of ownership closed on Nov. 15, 2024, to create Great American Holdings, a privately held, independent firm. read more

Applied Digital Closes $150MM Senior Secured Note with Macquarie Equipment Capital

Applied Digital, a designer, builder and operator of next-generation digital infrastructure, through its subsidiary, APLD Holdings 2, closed a $150 million senior secured debt financing with Macquarie Equipment Capital. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com