Industry

Supply & Demand Chain Executive Names Fleet Advantage a Green Supply Chain Award Winner

Supply & Demand Chain Executive named Fleet Advantage, a provider of truck fleet business analytics, equipment financing and life cycle cost management, one of the recipients of its 2021 Green Supply Chain Awards. read more

Ritchie Bros. Generates More Than $87MM at Recent Regional Events

Ritchie Bros. generated more than $45 million in gross transaction value at its recent Northeast regional event and more than $42 million at its recent Great Lakes regional event.  read more

ELFF Projects 3.5% US GDP Growth in 2022, 4.6% Equipment Investment Growth

The Equipment Leasing & Finance Foundation released its Q1/22 Equipment Leasing & Finance Industry Snapshot. According to the snapshot, the U.S. economy will grow by 3.5% in 2022 and equipment investment will grow at a 4.6% pace. read more

BofA and MUFG Lead $1.4B Revolving Credit Facility for Ryder

Ryder executed a five-year, $1.4 billion global revolving credit facility, which includes 11 global institutions and will expire on Dec. 14, 2026. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers for the facility. read more

Ritchie Bros. Reports Increasing Prices Across All Equipment Types in December

Ritchie Bros.' December market trends report continued to show positive pricing trends across all its equipment indexes, with truck tractor prices up 55%, while medium earthmoving equipment and vocational truck prices were up 43% and 41%, respectively, for the three months ending Nov. 30.     read more

NYDIG ABL Provides $54MM in Equipment Financing to Stronghold Digital Mining

Stronghold Digital Mining, a bitcoin mining company, entered into an equipment financing agreement with NYDIG ABL for up to approximately $54 million. read more

Orange County Register Names Regents Capital a Top Workplace

The Orange County Register named Regents Capital a 2021 Top Workplace and ranked it No. 19 in the small business category. read more

Boston Magazine Names Cohn of Cohn & Dussi to First-Ever Top Lawyers List

Boston Magazine named Lewis J. Cohn, managing partner of law firm Cohn & Dussi, a top lawyer in the greater Boston region in the field of bankruptcy law. read more

CIT Arranges $34MM in Financing for Senior Housing Community in Arizona

CIT’s healthcare finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community in Chandler, AZ. read more

ELFF: Equipment Finance Industry Confidence Eases in December

According to the Equipment Leasing & Finance Foundation’s December 2021 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 63.9, a decrease from the November index of 64.6. read more

CIT Provides $6.3MM in Financing to Diamond Communications

CIT’s middle market banking business provided $6.3 million to refinance corporate office properties for Diamond Communications. CIT’s refinancing involves term loans for corporate office properties in Springfield, NJ, and Delray Beach, FL. read more

LTi Technology Solutions Donates More Than $5K to Charity Foster Love

LTi Technology Solutions, a provider of a lease and loan cloud platform to equipment and asset-based finance companies, donated more than $5,000 to foster charity Foster Love. read more

Former NewStar Financial Execs Launch New Commercial Finance Company

Clarus Capital launched as a new commercial finance company focused on delivering capital solutions to finance tangible assets for leveraged middle-market companies. The new company was founded by former executives of NewStar Financial. read more

ELFF Forecasts 4.6% Growth in Equipment and Software Investment in 2022

Low financial stress, an expanding housing sector and increased federal spending on infrastructure are expected to propel equipment and software investment growth by 4.6% in 2022, according to the Equipment Leasing & Finance Foundation’s 2022 outlook. read more

Monitor and TomorrowZone Announce Strategic Partnership

Monitor and TomorrowZone, a consulting firm inspiring both futuristic thinking and action to innovate in financial services and beyond, announced a partnership co-created with the intention of helping the equipment finance industry reach a new level of boldness to experiment and think differently. read more

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Terry Mulreany
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