Of Interest

F.N.B. Corporation Introduces Physicians First Digital Program

F.N.B. Corporation launched Physicians First, a digital program for specialized loan and deposit products for physicians, dentists, veterinarians and other healthcare professionals. The platform provides a range of consumer and commercial banking products, including equipment financing. read more

Healthcare Leaders Optimistic for 2022 Despite Staffing Challenges

According to Capital One’s annual healthcare corporate finance survey, 76% of healthcare executives expect their businesses to perform better in 2022 compared with 2021. However, leaders in the healthcare space remain concerned about staffing issues. read more

KKR Provides $75MM in Funding to Jet Edge

Jet Edge International, an Ohio-based private aviation company, raised $75 million of funding from credit funds and accounts managed by KKR. Jet Edge will utilize the funding from KKR to further expand its Gulfstream and Challenger fleet. read more

IDC: Growth Streak for Traditional PCs Continues in Q4/21

According to International Data Corporation, worldwide shipments of traditional PCs reached 92.7 million units during Q4/21, marking 1% growth compared with the same quarter in 2020. In addition, total PC shipments during 2021 reached 348.8 million units, up 14.8% from 2020. read more

Small Business Loan Approval Rates Continue to Rise But at Slow Pace

Small business loan approval rates at big banks (more than $10 billion in assets) increased from 14.2% in November to 14.3% in December, and approval rates at small banks (under $10 billion in assets) rose from 19.9% in November to 20.1% in December, according to Biz2Credit. read more

Law Firms Robbins, Salomon & Patt and DiMonte & Lizak Merge

Robbins, Salomon & Patt and DiMonte & Lizak merged their Chicago-based law practices to form Robbins DiMonte. The combination expands the firms’ collective capabilities in core practice areas, including business and real estate, finance, litigation and trusts and estates. read more

Philippine Airlines Emerges from Chapter 11 with $2B in Balance Sheet Reductions

Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors. read more

Ritchie Bros. Sells More Than $42MM in Final 2021 Auction in Edmonton, AB

Ritchie Bros. sold more than 4,400 equipment items and trucks for more than 780 owners, achieving more than C$53 million ($42 million) in gross transaction value at its final 2021 auction in Edmonton, AB. read more

GA Telesis Launches Freight Forwarding Company

GA Telesis launched GAT Logistics Solutions Group, a wholly-owned global freight forwarding subsidiary that will offer logistics services to the aerospace industry and the healthcare, technology and retail verticals. read more

Trinity Capital Closes Offering of $75MM of 4.25% Notes Due 2026

Trinity Capital, a specialty lending company that provides debt, including loans and equipment financing, closed its public offering of $75 million in aggregate principal amount of 4.25% notes due 2026. read more

Alta Equipment Group Acquires Ambrose Equipment

Alta Equipment Group entered into a definitive agreement to acquire the assets of Ambrose Equipment, a privately-held equipment distributor with locations in New Hampshire and Massachusetts. read more

Synovus Establishes $4MM Charitable Giving Fund

Synovus established Here Matters Community Fund, a $4 million charitable giving fund through which Synovus will expand its investments in communities throughout the bank's five-state footprint in the Southeast. read more

Greenbrier Joins RailPulse Coalition

The Greenbrier Companies joined RailPulse, a coalition of railcar owners, builders and operators working to facilitate the adoption of GPS and other telematics technology across the North American freight rail network. read more

ACT Research’s For-Hire Trucking Index Shows Capacity Recovering

ACT Research’s latest for-hire trucking index, which included November data, showed across-the-board increases. read more

IT Firms Have Received More Funding Than Business in Other Industries in 2021

A new study from Biz2Credit that analyzed 2020 and 2021 industry trends among small businesses found that information technology firms received the most funding of any industry in terms of volume and the highest average amount of funding during the study time frame. read more

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Terry Mulreany
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