Industry

ELFF MCI-EFI Shows Confidence in Equipment Finance Market Lower in October

The Equipment Leasing & Finance Foundation released the October 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 45, a decrease from the Sept. index of 48.7. read more

Ritchie Bros. Delves Into Aerial Equipment Trends in October Report

Ritchie Bros.’ October Market Trends Report reported on sales of key aerial equipment categories in North America, specifically boom lifts, scissor lifts and telehandlers. read more

Siena Lending Group Closes $50MM Credit Facility for MD Helicopters

Siena Lending Group completed a $50 million asset-based revolving line of credit to MD Helicopters, a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility and VIP mission profiles. read more

Willis Lease Finance Rebrands After Recent Growth

Willis Lease Finance (WLFC) combined its multiple WLFC businesses under new branding that will demonstrate the extent of its combined offerings. The company the new imagery and corporate profile at Aviation Week MRO Europe in London on Oct. 18. read more

Fleet Leasing Chooses SuperTRUMP for Tax Finance Products

Fleet Leasing selected Ivory Consulting’s SuperTRUMP to model and price its pre- and after-tax finance products. read more

CIT Provides $39.25MM for Medical Office Buildings Acquisition

CIT’s Healthcare Finance business provided $39.25 million in financing for the acquisition of a portfolio of seven medical office buildings and dialysis centers in Texas, Georgia, Washington and Idaho. read more

Equipment Finance Cares to Host California Event on Nov. 16

Equipment Finance Cares will hold an event in California on Nov. 16 from 1:30 p.m. to 7 p.m. PT at Blue Street Capital's headquarters in Huntington Beach, CA. The program will conclude with a two-hour networking event. read more

Encina Equipment Finance Provides $15MM Lease Line to Industrial Safety Company

Encina Equipment Finance provided a $15 million lease line to a global industrial safety solutions company to finance new and existing rental equipment, vehicles and trailers. read more

Ritchie Bros. to Host Auction From Feb. 20-24 in Orlando, FL

Ritchie Bros. will host its annual global auction event in Orlando, FL, from Feb. 20 to Feb. 24, 2023. Bidding for the February 2023 Orlando auction will be available online and in-person, with a live auctioneer and bid catchers onsite. read more

CNH Industrial Capital Closes Offering of $400MM Notes

CNH Industrial Capital, a wholly-owned subsidiary of CNH Industrial, completed its previously announced offering of $400 million in aggregate principal amount of 5.45% notes due 2025, with an issue price of 99.349%. read more

Maxim Commercial Capital Expands Truck Financing Program in Q3/22

Maxim Commercial Capital expanded its target market during Q3/22 by launching an enhanced risk-based scoring system for its Truck Financing Program. read more

Tamarack Publishes Whitepaper Series on AI in Equipment Finance

Tamarack Technology, published the first part in a series of whitepapers on the application of AI in the equipment finance industry. read more

Battle Motors and ENGS Commercial Finance Partner to Launch Customer Finance Platform

Battle Motors and ENGS Commercial Finance partnered to launch a customer finance platform in Battle Motors Capital. It will be powered by ENGS Commercial Finance, Mitsubishi HC Capital America and related companies. read more

CIT Closes on $50MM Factoring Facility with West Coast Consumer Tech Firm

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm. read more

Regions Bank Launches Digital Solution for Business Clients

Regions Bank launched a digital solution through the RTP network from The Clearing House, enabling corporate banking clients to send real-time payments. read more

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Terry Mulreany
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