Industry

Utica Equipment Finance Completes $8MM Capital Lease for Wood Processing Company

Utica Equipment Finance completed an $8 million capital lease transaction for an equity group owned wood processing company with multiple locations in the South. read more

GATX Announces BBB+ Long-Term Issuer Rating From Fitch Ratings

GATX announced Fitch Ratings assigned the company a BBB+ long-term issuer default rating (IDR) with a stable outlook, a BBB+ senior unsecured debt rating, a F2 short-term IDR and a F2 commercial paper rating. read more

Aircastle Increases Revolving Credit Facility to $200MM with Mizuho Marubeni Leasing

Aircastle increased the size of its unsecured revolving credit facility with Mizuho Marubeni Leasing America to $200 million from $100 million and extended its maturity to January 2025. read more

TCC Financial Closes $30.8MM Senior Secured Term Loan Facility For California Equipment Company

TCC Financial, the U.S. lending division of Travelers Capital, a Canadian-based asset-based lender, announced the closing of a $30.8 million senior secured term loan facility to support the growth and development needs of a leading heavy equipment rental business headquartered in California. read more

US Trailer Orders End 2022 at Near-Record Levels

December 2022 net US trailer orders of 57,300 units were nearly 46% higher compared to November and 115% above December 2021, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. read more

Honour Capital Provides $5MM in Financing to Upper Midwest Construction Company

Honour Capital provided $5 million in financing to a construction company in the upper Midwest to acquire construction equipment. read more

SLR Credit Solutions Provides $30MM Senior Secured Term Loan to Support Nautilus

SLR Credit Solutions provided a $30 million split lien term loan to Nautilus, a fitness solutions company that designs, develops, sources and markets cardio and strength fitness products for consumer and commercial use. read more

Loeb Provides $6.8MM in Term Loans in Q4/22

Loeb provided $6.8 million in machinery and equipment loans in Q4/22. These loans will help the four businesses continue to operate smoothly by extracting working capital from their existing M&E. read more

Used Class 8 Truck Sales Increased 16% M/M in December

According to ACT Research's latest State of the Industry: U.S. Classes 3-8 Used Trucks, used Class 8 retail volumes (same dealer sales) increased 16% month to month in December. read more

ELFA to Host Upcoming 2023 Equipment Management Conference

The Equipment Leasing and Finance Association will host its 2023 Equipment Management Conference & Exhibition on Feb. 26-28 at the Orlando World Center Marriott in Orlando, FL. The annual conference draws asset managers, equipment appraisers, remarketers and service providers to the equipment finance industry. read more

Data Sovereignty and Compliance Issues Shaping IT Decisions

New survey results from International Data Corporation (IDC) show that data sovereignty and compliance are now an important factor in shaping IT selection and design decisions. read more

PNC Issues Second Green Bond For $1.25B

PNC Financial Services Group announced it closed its latest green bond issuance. The proceeds will fund eligible projects that promote a transition to a low-carbon economy and offer sustainability benefits across four categories. read more

Citizens Business Conditions Index Drops Sharply in Q4/22

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect. read more

CEFI Sets Company Record for Originations, Increases Financing Volume by 68% in 2022

Commercial Equipment Finance (CEFI) reported its 2022 originations reached a company record $147 million. In addition, CEFI increased its financing volume by 68% in comparison with 2021 originations. read more

ELFA to Host Quarterly Innovation Roundtables in 2023

The Equipment Leasing and Finance Association will present four Innovation Roundtables in 2023. These virtual events will allow equipment finance professionals to find out what is on the minds of their peers, share ideas and discover new approaches for tackling their innovation challenges. read more

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