Industry

Blue Bridge Financial Extends Senior Credit Facility with DZ BANK

Blue Bridge Financial, an independent commercial equipment finance company, closed a one-year extension of its $135 million revolving credit facility with DZ BANK. read more

Regents Capital Marks a Decade in Equipment Finance

Regents Capital, a provider of equipment leasing and financing solutions, is celebrating its 10th anniversary this year. To commemorate its 10th anniversary, the company has launched a new celebratory version of its logo. read more

GreatAmerica Financial Services Employee Advised Fund Donates $500K to Charitable Organizations

GreatAmerica Financial Services’ employee advised fund completed its annual pledge to donate $500,000 to community organizations by awarding $250,000 to nonprofits in the Cedar Rapids, IA, area in its second such giving cycle of 2023. read more

MUFG Closes $1.9B in Debt Financing for EdgeCore Digital Infrastructure

Mitsubishi UFJ Financial Group (MUFG) closed $1.9 billion in debt financing for EdgeCore Digital Infrastructure, conducted in conjunction with its owner, Partners Group, to fund scalable development of a data center campus in Mesa, AZ. read more

New ELFF Study Finds Incidents of Fraud Are Rising in Equipment Finance

Incidents of fraud, including identity theft and first- and third-party borrower fraud, have increased by 10% or more among equipment finance companies over the last two years, according to a new study from the Equipment Leasing & Finance Foundation. read more

MidFirst Business Credit Forms Lending Relationship with Custom Equipment

MidFirst Business Credit recently provided a working capital facility to Custom Equipment, a designer and manufacturer of scissor lifts that can accommodate various end-user environments. read more

Capteris Closes $15MM Finance Lease Line for Healthcare Provider

Capteris, a provider of mid- and large-ticket equipment finance solutions, closed a $15 million finance lease line for a national healthcare provider in the U.S. read more

PEAC Solutions’ Stephenson to Deliver Keynote for STRIPES Leadership Program’s Certification Ceremony

Bill Stephenson, global CEO of PEAC Solutions, will deliver a keynote address for STRIPES Leadership Program’s upcoming certification ceremony on Feb. 6 in which STRIPES will graduate its fourth cohort of equipment finance leaders. read more

Targeted Lending Secures $50MM Credit Facility from Wells Fargo Capital Finance

Equipment finance company Targeted Lending closed a $50 million credit facility with Wells Fargo Capital Finance. The team at Targeted Lending been tailoring solutions for the equipment finance industry for more than 25 years. read more

First National Capital Provides $35MM Debt Refinance Facility to Oil and Gas Company

Commercial equipment and aviation finance provider First National Capital provided a $35 million debt refinance facility to an upstream oil and gas, machining and forging company. read more

National Westminster Bank Leads $70MM in Equipment Financing for Bristow Group

Vertical flight solutions provider Bristow Group entered into a new 12-year secured equipment financing for an aggregate amount up to £55 million ($70 million) with a syndicate of banks led by National Westminster Bank. read more

ELFA Reports 3.9% Y/Y Growth in New Business Volume in Equipment Finance Industry in 2023

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for December was $12.5 billion, up 2% year over year, while cumulative new business volume for 2023 was up 3.9% compared to 2022. read more

FTI Consulting Finds ‘Cautious Optimism Prevails’ for Lenders

FTI Consulting’s 2024 Leveraged Loan Market Survey found that cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared to last year when only 29% had such a view. read more

Student Devices & Security Equipment Were TEQlease’s Most Financed Assets in 2023

In 2023, student devices and security equipment topped the school equipment categories TEQlease Education Finance leased and financed for K-12 and other U.S. schools. read more

LTi Technology Solutions Celebrates 35 Years in Business

LTi Technology Solutions, a charter member in the equipment finance industry, is celebrating its 35-year anniversary in 2024. Co-founded in 1989 by Randy Haug and Russ Hallberg, LTi is a privately owned business that prides itself on being deeply rooted in the industry. read more

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