Industry

Small and Midsize Businesses Anticipate Recession in 2023

According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such.  read more

Oakmont Capital Services Reaches 25-Year Milestone

Oakmont Capital Services will celebrate its 25th anniversary this year. Since its founding in 1998, OCS has matured into a direct lender with offices in both West Chester, PA, and Albany, MN, and a staff of more than 60 finance professionals. read more

Utica Equipment Finance Completes $10MM Capital Lease Transaction

Utica Equipment Finance completed a $10 million capital lease transaction in December. The Capital Lease was secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in the Northeast.  read more

Commercial Chapter 11 Filings Increased by 2% in 2022

Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13% jump from the 1,263 filings recorded in 2021, according to Epiq Bankruptcy. read more

Crown Partners Arranges $75MM Senior Debt Facility for HOP Energy

Crown Partners arranged a $75 million senior debt facility for HOP Energy, a portfolio company of Delos Capital. Crown Partners served as exclusive financial advisor to HOP in connection with this transaction.  read more

Northteq and FinWise Bank Launch Aurora Loan Origination System

Northteq, a provider of Salesforce loan origination solutions, and FinWise Bank, a subsidiary of FinWise Bancorp, launched Northteq’s Aurora Loan Origination System (LOS) to support FinWise’s nationwide expansion into the equipment finance industry. read more

Clarus Capital Closes $19MM Lease for Manufacturer of Microelectronics

Clarus Capital closed a new $19 million lease for a diversified manufacturer of microelectronics. read more

Brookline Bancorp Receives Approvals for PCSB Financial Acquisition

Brookline Bancorp received the requisite regulatory approvals to complete the acquisition of PCSB Financial. read more

Celtic Capital Provides $1.5MM LOC for California-based Manufacturer

Celtic Capital achieved a new client relationship with a California-based manufacturer of precision machined products using metal alloys and plastics for industrial and commercial applications. read more

Class 8 Net Orders ‘Robust’ in November

According to ACT Research’s State of the Industry: NA Classes 5-8 report, November Class 8 net orders of 32,600 were robust, bringing the most recent three-month total to 128,000. read more

GA Telesis’ Flight Solutions Group Continues Disassembly of Aircraft Engines

GA Telesis disassembled an additional three CFM56-5B, one CF6-80C2 and one PW4056-3 engines before the end of Q4/22. read more

Riverstone Credit Partners Provides $150MM Term Loan to Clean Energy Fuels

Clean Energy Fuels, a provider of clean fuel for the transportation market, entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners. read more

Akulaku Receives $200MM Investment from MUFG

Akulaku, a banking and digital finance platform in Southeast Asia, received a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group. read more

StroudwaterGCL Completes $58MM in Financing for Medical Center Consolidation

StroudwaterGCL completed $58 million in financing for Towner County Medical Center in Cando, ND. read more

November US Trailer Orders Drop M/M, Increase Y/Y

According to ACT Research’s recent issue of its State of the Industry: U.S. Trailers report, November net U.S. trailer orders of 39,590 units were 17% lower compared to October, 27% lower on a seasonally-adjusted basis and 22% above the year-ago November level. read more

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