Of Interest

FreightCar America Stockholders Approve Term Loan with CO Finance

At a special meeting, FreightCar America stockholders approved the issuance of a warrant under its previously announced new secured term loan facility with financing partner CO Finance LVS VI as well as the funding of the term loan under the facility. read more

Overseas Shipholding Group Closes Financing for Newbuild Jones Act Barge

Overseas Shipholding Group closed on a $49.15 million loan for a term of seven years. The loan was obtained to finance one new 204,000 barrel U.S. Flag oil and chemical ATB barge, the OSG 205, and to refinance the tug to which the barge is being paired, the OSG Courageous. read more

Visual Lease Finishes 167th in Deloitte’s Technology Fast 500

Visual Lease ranked 167th on Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing public and private technology, media, telecommunications, life sciences and energy tech companies in North America. read more

EquipmentShare Recognized as Fleet Management Technology Company of the Year

EquipmentShare, a construction technology company, was selected as the winner of the Tech Breakthrough organization's "Fleet Management Technology Company of the Year" award in the 2020 AutoTech Breakthrough Awards program. read more

Q2 Holdings Explores Digital Transformation for Leasing Industry in New e-Book

In a new e-book, Mukul Mittal, vice president of leasing for Q2 Holdings, said many businesses are adopting usage-based leasing models, re-evaluating their fixed expenses (including lease payments) and revisiting what equipment is central to their business models. read more

Fleet Advantage’s Barner to Present Keynote at TPS’ Virtual Conference

Al Barner, CTP, senior vice president of fleet solutions for Fleet Advantage, is presenting as the keynote speaker at this year’s Trucks, Parts, Service “Successful Dealer Award” virtual conference on Nov. 19. read more

Peapack-Gladstone’s Remo Recognized as Rising Star in Banking

NJBankers recognized Matthew Remo of Peapack-Gladstone Bank as a “Rising Star” of the New Jersey banking industry. Remo was elevated to director of strategy and development and has worked with the equipment finance team, among other duties. read more

Alternative Lenders Expect Surge in Loan Demand as Borrowers Seek Flexible Structures

According to a survey from Cerebro Capital, 76% of non-bank lenders expect loan demand to surge over the coming months as borrowers leave commercial banks in search of relaxed covenants and flexible loan structures. read more

Ritchie Bros. Sets Date, Begins Accepting Consignments for 2021 Auction in Orlando, FL

Ritchie Bros. is accepting consignments for its six-day Orlando, FL, auction, which will be held from Feb. 15-20, 2021. read more

Adaptec Solutions Completes Acquisition of Integrated Solutions

Adaptec Solutions acquired Memphis, TN-based Integrated Solutions, a supplier of custom engineered to order material handling equipment with experience in complex conveyor solutions. read more

Ritchie Bros. Reports 39% Y/Y Increase in Registrations at Online Auction in Houston

During its Nov. 10-11 online auction in Houston, Ritchie Bros. experienced a 39% year-over-year increase in bidder registrations while selling more than $53 million in used equipment. read more

CDB Issues $500MM of Senior Unsecured Notes Under $3B Medium Term Note Program

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, issued $500 million of senior unsecured notes in a Regulation S (Category 2) bond offering. read more

ELFA Panel Examines Hype vs. Reality of AI, Blockchain, IoT and Biometric ID

In a panel at ELFA 2020 Business LIVE!, panelists addressed the acceleration of technological change in the equipment finance industry and explored where equipment finance companies should invest their time, energy and dollars. read more

Ritchie Bros. Reports $10MM in Sales for Forklifts in Q3/20

In its November market trends report, Ritchie Bros. reported that over the past three years, the company has sold more than 15,000 forklifts in the U.S. for $99 million, including more than 1,500 sold for $10 million in Q3/20 alone. read more

CF Software Solutions Releases Software Program for Lenders and Lessors

CF Software Solutions released CFLend, its first commercial desktop software program for lenders and lessors. CFLend is available for download from the Microsoft Store and is free to users for the first year. read more

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