Of Interest

CIT Northbridge Credit Provides Financing for Baker & Taylor Acquisition

CIT Northbridge Credit served as sole lead arranger on a senior secured credit facility to support the acquisition of Baker & Taylor, a provider of books, digital content and technology solutions to public and academic libraries. read more

BMO Ranked Among Most Sustainable Companies in the World on Dow Jones Indices

BMO Financial Group was ranked among the most sustainable companies on the Dow Jones Sustainability Indices (DJSI), making it one of only five companies in Canada included in the DJSI World Index. read more

Ritchie Bros. Sells More Than $55MM in Equipment at Houston Auction

Ritchie Bros. sold more than 4,650 equipment items and trucks for 675 consignors at its recent Houston auction, generating more than $55 million in gross transaction value. read more

ACIA Aero Leasing Expands Partnership with Bestfly

ACIA Aero Leasing expanded its partnership with Bestfly Worldwide during a media event held ahead of Dubai Airshow 2021. The companies agreed to the lease of two aircraft, one Embraer E-190 and one ATR 72-600, and also agreed to further expand the E-190 lease portfolio in 2022. read more

Boeing to Open 3 New Freighter Conversion Lines, Takes Order for 11 737-800BCF

Boeing plans to add three conversion lines for its 737-800BCF across North America and Europe. The company also signed a firm order for 11 freighters with Icelease as the launch customer for one of the new conversion lines. read more

ACIA Aero Leasing Signs LOI with Universal Hydrogen for Up to 30 Regional Aircraft Conversions

Universal Hydrogen signed a letter of intent with ACIA Aero Leasing, which expects to place 10 firm orders for Universal Hydrogen’s ATR 72 conversion kits and additional purchase rights for 20 more conversion kits of various turboprop types. read more

Columbus McKinnon Appoints Colella and Abraham to Board of Directors

Columbus McKinnon, a designer, manufacturer and marketer of intelligent motion solutions for material handling, appointed Gerald Colella, the retired president and CEO and current chair of MKS Instruments, and Chad Abraham, chair and CEO of Piper Sandler, to its board of directors. read more

US Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050

U.S. Bank unveiled several company-wide commitments to address the impacts of climate change on its business, customers and communities, including setting a goal to achieve Net Zero greenhouse gas emissions by 2050. read more

ECN Capital to Ask Shareholders to Consider Reduction in Stated Capital

ECN Capital mailed information to shareholders in connection with a special meeting of holders to be held on Dec. 2 in which shareholders will vote on a proposal to reduce the stated capital account of common shares in the capital of the corporation. read more

MUFG: Restaurants Will Face Margin Contraction, Slower M&A in Q1/22

With rising commodity prices, workforce shortages and higher expenditures to attract labor, the restaurant industry will face continued margin contraction and, consequently, lower M&A volume in Q1/22, according to Mitsubishi UFJ Financial Group’s restaurant finance group. read more

Hull to Serve as Senior Advisor to the GARP’s Financial Risk Manager Advisory Committee

Finance expert John Hull will serve as senior advisor to the Global Association of Risk Professionals’ Financial Risk Manager (FRM) advisory committee. In the role, Hull will help ensure the coverage, completeness and relevance of the FRM program. read more

IDC Reveals Top 10 Information Technology Industry Predictions

International Data Corporation revealed its worldwide information technology industry predictions for 2022 and beyond, including the expectation that more than half of all information and communications technology investment will be linked to digital transformation by 2024. read more

EquipmentShare’s T3 Technology Wins Fleet Management Innovation Award

EquipmentShare’s T3 technology was named the fleet management innovation of the year at the AutoTech Breakthrough Awards.    read more

CIT Arranges $95MM in Financing to Support Relaunch of Castle Rock Entertainment

CIT’s technology, media and telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of Hollywood film production company Castle Rock Entertainment. read more

Cloud Infrastructure Spending Declines 2.4% in Q2/21, Still on Track for Growth in Full Year

According to International Data Corporation, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, decreased 2.4% year over year in Q2/21 to $16.8 billion. read more

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