Industry

Key Equipment Finance Arranges Financing for LNG Containerships for Pasha Hawaii

Key Equipment Finance is serving as lead arranger for $335 million in total financing for a pair of liquefied natural gas fueled containerships for Pasha Hawaii. read more

Fleet Advantage Increases Customer Base by 25% in Last 12 Months

Fleet Advantage delivered more than 4,000 new and used trucks this past fiscal year and expanded its customer base by 25% over the last 12 months. The company also continued its focus on helping fleets reduce their carbon emissions over the last 12 months. read more

Audax Private Debt and Adams Street Support US Med-Equip’s Acquisition of Freedom Medical

Audax Private Debt and Adams Street Partners provided a senior secured credit facility to support US Med-Equip’s acquisition of Freedom Medical, a provider of rental medical equipment and related outsourced support services to hospitals and long-term care centers throughout the United States. read more

CIT Arranges Financing for Swell Energy’s Energy Storage Projects

CIT’s power and energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California. read more

Monitor to Host 50th Anniversary Gala in Philadelphia

Monitor, the leading source of news and content for the equipment finance industry, will celebrate its 50th anniversary with a gala event at the National Constitution Center in Philadelphia on June 15, 2023, from 6-10 p.m. EST.  read more

North Mill Equipment Finance Reaches $1B in Originations Since Wafra Capital Partners Acquisition

North Mill Equipment Finance, an independent commercial equipment lessor headquartered in Norwalk, CT, reached the $1 billion mark in total originations since its recapitalization by an affiliate of Wafra Capital Partners four years ago.  read more

STRIPES Leadership Program to Host Informational Sessions in August

STRIPES Leadership Program, the professional and personal leadership development program designed to inspire best-in-class leaders within equipment finance, will host introduction sessions to showcase the program and engage in interactive Q&As throughout August. read more

CIT Provides Acquisition Financing to TruAmerica Multifamily

CIT, a division of First Citizens Bank, provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, FL. read more

TopMark Funding Increases Amount Funded by 30% in Q2/22

TopMark Funding, a funding destination for commercial vehicle dealerships and small to mid-sized fleets, marked another company-record-breaking quarter in Q2/22 that included a 30% increase in the amount funded compared with Q1/22. read more

Crestmark Equipment Finance Provides More Than $25MM in Transactions in June

Crestmark Equipment Finance provided $18,865,360 in 17 new large-ticket transactions and $7,174,032 in 67 new small-ticket vendor transactions in June. read more

Brigade Capital Management Provides Bridge Funding to DigniFi

DigniFi, a financial technology platform for the automotive industry, entered a new partnership with asset manager Brigade Capital Management, which will provide bridge funding to support DigniFi’s growth. read more

FNB Expands Virginia and DC Metropolitan Area Presence

F.N.B. entered its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C., area and plans to extend its commercial banking operations into Richmond, VA, with a new loan origination center. read more

Mitsubishi HC Capital America ‘s Work Truck Division Reaches $1B in Originations

Mitsubishi HC Capital America’s work truck finance division reached a milestone of $1 billion in originations this week. The company reached this achievement with record volume of $112 million in the quarter ending June 30. read more

Wintrust Specialty Finance Exceeds $1B in Funded Contracts Since Inception

Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, has exceeded $1 billion in funded contracts in its first three years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity needs through portfolio purchases. read more

Encina Private Credit Expands Capital Base, Hires Hensinger as President and CCO

Encina Private Credit expanded its capital base with $500 million in incremental capital commitments. In connection with the significant expansion of its capital base, Encina Private Credit also hired Michael Hensinger as its president and chief commercial officer. read more

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