Industry

Celtic Capital Provides $1MM Equipment-Only Loan to Archery Equipment Designer

Celtic Capital entered into a client relationship with an Arizona- based company that designs and manufactures a complete range of archery equipment for all segments of the sport. The company had broken covenants with its bank and was seeking replacement financing. read more

Clarus Capital Closes $15MM Lease Financing for Aerospace Components Manufacturer

Clarus Capital completed a new $15 million lease facility for a sponsor-backed aerospace components manufacturer. Financing proceeds will support the acquisition of essential use production equipment to meet new contract growth. read more

Bankers Capital President and CLFP Foundation Board Member LaChance Passes Away

Larry LaChance, CLFP, president of Bankers Capital and a board member of the Certified Lease & Finance Professional Foundation, passed away in January, according to a report from Leasing News. read more

NFS Leasing Provides Multi-Million Dollar Financing to Ziosk

NFS Leasing provided a multi-million dollar finance solution to Ziosk, the creator of an entertainment, ordering and pay-on-demand platform for restaurants. read more

Capteris Capital Closes $14.1MM in Equipment Assets to Support Merger

Capteris Capital, an equipment finance company supported by the capabilities of Wheels Donlen LeasePlan and MidCap Financial, closed on $14.1 million in equipment assets, facilitating the merger of two middle-market companies in the natural gas industry. read more

Ritchie Bros. to Showcase Insights at CONEXPO-CON/AGG

Ritchie Bros. will showcase its growing list of insights, services and transaction solutions at CONEXPO-CON/AGG, an equipment tradeshow in North America to be held in March in Las Vegas. read more

Eaton Partners Acts as Exclusive Placement Agent for SKY Leasing Fund V

Eaton Partners, a wholly-owned subsidiary of Stifel Financial, acted as exclusive placement agent for SKY Leasing and its Sky Fund V (SFV). The fund was oversubscribed at close with approximately $770 million in capital commitments. read more

First Citizens Bank Provides $52.4MM to Finance Portfolio of Medical Office Building Properties

First Citizens Bank's healthcare finance group, which is part of the CIT division, provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties. read more

Ritchie Bros.’ February Auction to Surpass 10K Equipment Items and Vehicles

Ritchie Bros. will host its February auction in Orlando, FL, its premier global event, from Feb. 20 to Feb. 24. The event will feature more than 10,000 items from more than 800 owners, with all items to be sold to the highest bidders regardless of price. read more

Equipment Finance Cares Announces 2023 Dates and Locations

Equipment Finance Cares announced dates and locations for its 2023 events. Equipment Finance Cares hosted more than 200 equipment finance professionals from 100 different organizations in 2022. read more

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

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