Industry

Hancock Whitney Establishes New ABL Division, Knuckles to Lead

Hancock Whitney established a new asset-based lending division primarily serving 12 states across the southern United States. Mike Knuckles will lead the line of business based in suburban Atlanta and direct all recruiting and hiring. read more

Monitor Extends Early Bird Deadline for 50th Anniversary Event, Converge

Monitor has extended the deadline for early bird registration for Converge, the equipment finance industry leading publication’s two-day 50th anniversary event, to 11:59 p.m. EST on April 3. read more

QuickFi Makes Finalist List in Multiple Categories at Banking Tech Awards

The Banking Tech Awards selected QuickFi as a finalist for two categories: Best Mobile Initiative and Best Use of Tech in Lending. Other finalists include J.P. Morgan, Wells Fargo, Citi Commercial Bank, Bank of America and KeyBank. read more

Emburse Shares Talent Strategies of 400 Finance Leaders

According to Emburse, new research suggests that large enterprises are experiencing the most churn, finance professionals are turning to other fields and employers are implementing automation to deal with current market challenges. read more

First Citizens Provides $44.2MM for Medical Office Building Portfolio

First Citizens Bank's healthcare finance group provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties. read more

Sumitomo Mitsui Finance and Leasing Acquires Stake in LCI

Sumitomo Mitsui Finance and Leasing agreed to acquire a 35% stake in Libra Group’s aviation subsidiary, LCI. LCI recently signed an agreement in January with Elroy Air to acquire up to 40 of the company's Chaparral vertical take-off and landing (VTOL) aircraft. read more

Kroll Bond Rating Agency Upgrades 2 Global Jet Capital Securitizations Ratings

Kroll Bond Rating Agency upgraded all tranches of notes issued in Global Jet Capital’s Business Jet Securities (BJETS) 2020-1 and BJETS 2021-1 transactions by one rating notch. read more

Honour Capital Completes $4MM Equipment Financing Deal for Midwest Food Company

Honour Capital completed a $4 million equipment financing agreement with a Midwest food processing company to acquire food processing and manufacturing equipment, computers and software. read more

Accord Financial Provides $12M Credit Line to Travel Company

Accord Financial provided a $12 million credit line to a travel company whose business has picked back up following the severe slowdown caused by the COVID-19 pandemic. The credit line provides availability against accounts receivable. read more

CHG-MERIDIAN Opens New Canadian Office

CHG-MERIDIAN opened a new office in Mississauga, ON. Opening the new office was necessitated by the growth of CHG-MERIDIAN Canada, which now has 10 full-time employees. read more

KBRA Assigns Preliminary Ratings to Dext Capital’s Third Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Dext ABS 2023-1, an equipment ABS transaction. Dext 2023-1 represents the third equipment ABS transaction to be sponsored by Dext Capital. read more

Onset Financial Funds More Than $140MM, Surpasses Previous Q1 Record

Onset Financial has funded more than $140 million in year-to-date fundings this year, shattering its previous record for January and February combined. This achievement also officially exceeds the best first quarter in company history. read more

For-Hire Trucking Capacity Growth Rate on Path to Recovery

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes and rates declined in February but rate trends should begin to recover once traction on freight volumes is established. read more

Liventus Raises More Than $760K for ASPIRE at Big City Nights Gala

Liventus and other sponsors raised more than $760,000 for ASPIRE, a charity that helps adults with disabilities, as part of its Big City Nights Gala, which raised an unprecedented amount of money to further the organization's mission of inclusion and empowerment for people with disabilities. read more

Mike Albert Fleet Solutions Creates New Fleet Electrification Referral Program

Mike Albert Fleet Solutions announced a new fleet electrification referral program designed to pair customers considering electrifying their fleets with best-in-class charge point providers. The fleet program is available for all current Mike Albert clients. read more

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