ELFA’s Monthly Leasing and Finance Index Shows 5% Y/Y Decrease in September New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for companies participating in the index in September was $9.7 billion, down 5% from new business volume in September 2022. read more

First Citizens Bank Provides $60MM to Support Battery Storage Project in California

First Citizens Bank’s energy finance business served as lead agent on $60 million in financing to Gore Street Energy Storage Fund for the development of a 200-megawatt battery storage project located in Imperial County, CA. read more

Griffin Global Asset Management and Bain Capital Acquire Pool of Rolls-Royce Engines

Griffin Global Asset Management and Bain Capital Special Situations agreed to acquire 17 new technology Rolls-Royce engines, including Trent XWB-84s, Trent XWB-97s, Trent 1000s and Trent 7000s. The engines will be owned by a newly formed standalone entity and used... read more

New ELFF Study Examines Future Supply Chain Impacts on Equipment Finance

A new study commissioned by the Equipment Leasing & Finance Foundation identified three major economic trends that the equipment finance industry must adapt to, including China’s demographic collapse, the retirement of the baby boomer generation and the end of the globalized trade order. read more

Solifi Wins Digital Innovation of the Year Honor at Motor Finance Europe Awards

Solifi received an accolade at the ninth annual Motor Finance Europe Awards in the Digital Innovation of the Year (Technology Company), Retail Solutions/Vehicle Management category for its Open Finance Platform. read more

LTi Technology Solutions and Capteris Form Digital Transformation Partnership

LTi Technology Solutions and Capteris Capital entered a technology partnership and will work together with a shared commitment to Capteris’ digital transformation with LTi’s flagship platform, ASPIRE. read more

Dext Capital Reaches $1B Mark in New Originations

Dext Capital has reached $1 billion in new originations over its first five years of business operations. read more

Clarus Capital Increases Lease Financing Facility for Logistics Provider to $40MM

Clarus Capital completed an add-on to an existing equipment lease facility for a multi-sponsor backed specialty logistics services provider, increasing the facility to $40 million. read more

Capteris Closes $15MM Term Loan for Logistics Solutions Provider

Capteris closed a $15 million term loan with a North American logistics solutions provider.  The loan was part of a larger refinancing package.  read more

Verdant Commercial Capital Reaches $2B in Originations Since Inception in 2017

Verdant Commercial Capital has surpassed $2 billion in equipment financing originations since the company’s inception in 2017. This milestone means the company has reached its second billion in half the time it took to reach its first billion. read more

Equipment Finance Industry Confidence Lower in October

Confidence in the equipment finance market declined to 40.1 in October, a decrease from the September index of 50.3, according to the ELFF. read more

Leasepath & Great American Insurance to Collaborate on Equipment Finance Innovations

Leasepath entered a strategic engagement with Great American Insurance Group’s Specialty Equipment Division designed to innovate insurance management for the equipment finance industry. read more

Alfa Launches Alfa Start, a Preconfigured Software Platform

Alfa launched Alfa Start, a preconfigured software platform for U.S. equipment finance organizations of all sizes that allows equipment finance providers to take full advantage of the Alfa Systems platform through a predefined configuration and process catalog. read more

Huaxia Financial Leasing Provides Sale and Leaseback Financing for Newbuild Vessels

Cool Company and Huaxia Financial Leasing Co. entered sale and leaseback financing arrangements for the Kool Tiger and Kool Panther newbuild vessels. read more

First Citizens Bank Coordinates $672MM in Financings for Plus Power

First Citizens Bank’s energy finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts of energy storage capacity. read more

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