Of Interest

Wintrust Receives Applications for $1.27MM in Loans in Latest PPP Round

Wintrust Financial has received 6,973 applications for $1.27 billion in loans since it opened its platform on Jan. 11 to accept client submissions for the latest round of the Paycheck Protection Program from the U.S. Treasury Department and Small Business Administration. read more

Ritchie Bros. Sells More Than $42MM in Equipment at Recent Auction in Edmonton, AB

Ritchie Bros. sold more than 5,100 equipment items and trucks for more than C$53 million ($42 million) during a three-day online auction in Edmonton, AB, held during the last week of February. read more

Tiger Group Auctioning Equipment from Advanced Pavement Group

Tiger Group will be accepting bids until March 9 for an online auction of heavy equipment, paving equipment, trucks, trailers and tools from Advanced Pavement Group (APG), a paving contractor based in the Northeast. read more

Vedder Price Forms Task Force to Assist Clients Impacted by AGC/WBAT Indictment

Vedder Price created a task force to assist clients impacted by the indictment involving Aircraft Guaranty Corporation (AGC) and Wright Brothers Aircraft Title (WBAT) filed by the United States Attorney’s Office for the Eastern District of Texas on Feb. 24, 2021. read more

PNC: Small Business Owners Look to Vaccine-Driven Recovery

Many small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey. read more

Volkswagen Financial Services UK Debuts Financing Solution Powered by Scrive and Onfido

Volkswagen Financial Services UK, has partnered with Scrive and Onfido to launch a digital financing solution for UK dealerships that will integrate Scrive’s electronic signature services and Onfido’s digital identity verification services. read more

CNH Industrial Extends Syndicated Credit Facility

CNH Industrial exercised the second one-year extension option (i.e. to March 2026) of its syndicated committed revolving credit facility for €3.9505 billion ($4.76 billion). read more

Tri-Fin Capital Partners with UBIX to Improve Access to AI

UBIX, an artificial intelligence on demand for business company, entered an alliance with Tri-Fin Capital, a provider of funding solutions for technology and software related projects, to help small and mid-market companies access AI. read more

CIBC Joins RMI’s Center for Climate-Aligned Finance

CIBC joined RMI's Center for Climate-Aligned Finance as a strategic partner. According to CIBC, it is the first Canadian bank to partner with the center's efforts to align financial decision-making with the long-term decarbonization of the real economy. read more

Voyager Aviation Enters Restructuring Support Agreement with Consenting Stakeholders

Voyager Aviation entered into a restructuring support agreement documenting its previously announced agreement in principle with beneficial owners of approximately 60% of the company’s 8.5% senior notes due 2021 and holders of 100% of the company’s equity. read more

TCF Receives Greenwich Excellence Awards for U.S. Middle Market Banking

TCF Bank’s middle market team was named a winner of the 2020 Greenwich Excellence Award for U.S. Middle Market Banking in two regional categories: cash management overall satisfaction and likelihood to recommend. read more

Bombardier Fully Repays Senior Secured Credit Facility

Bombardier initiated the repayment of the total outstanding balance of $750 million drawn on its $1 billion senior secured term loan facility established on Aug. 19, 2020. read more

Ryder Updates Fleet Buy-Out Program

Ryder updated its fleet buy-out program, which allows customers to trade in their fleets and then lease new trucks through Ryder’s leasing program. Subject to the terms of the program, Ryder will purchase used commercial vehicles in a one-for-one leasing exchange. read more

Hofstra Awards Recipients of Moritt Hock & Hamroff Fellowship & Marc Hamroff ’83 Scholarship

The Maurice A. Deane School of Law at Hofstra University named Jeffrey Hassan the recipient of the 2020-2021 Moritt Hock & Hamroff Business Law Honors Fellowship and Korrine Utting the recipient of the 2020-2021 Marc Hamroff '83 Annual Scholarship. read more

CIT Provides $42.4MM for Nashville Apartment Complex

CIT Group’s real estate finance business provided $42.4 million in financing for the construction of a new apartment complex in Nashville, TN. The new complex will be known as NOVEL Harpeth Heights by Crescent Communities. read more

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