Of Interest

Bankers Leasing Celebrates 70th Anniversary

Iowa-based medical equipment financing company Bankers Leasing will celebrate 70 years in business on September 26, 2016. read more

LeasePlan Launches Service to Simplify Courtesy Delivery

LeasePlan is launching LeasePlan Direct, an online tool that connects LeasePlan with dealerships across the country. read more

Signature Named Best Business Bank by NYLJ for Third-Straight Year

Signature Bank was named Best Business Bank by the New York Law Journal in the publication’s seventh annual reader survey. It also ranked second in the Best Private Bank and Best Attorney Escrow Services categories. read more

Commercial Credit Makes North Carolina Mid-Market Fast 40 List Again

Equipment finance company Commercial Credit, parent company of Commercial Credit Group, made the Business North Carolina Mid-Market Fast 40 List for the fifth year in a row. read more

Leasing Company Co-Founder Named President of Cloudnine

Josh Clark, a co-founder and shareholder of micro-ticket equipment financing company Dick Clark Associates, was promoted to president of Cloudnine Realtime. read more

ITT Educational Services Files Chapter 7; Owes Cerberus $34.5MM

Bloomberg reported ITT Educational Services began liquidation proceedings after closing 136 technical schools and owes a unit of Cerberus Capital Management $34.5 million. read more

GE Capital Exec Joins Fannie Mae Board of Directors

Ryan A. Zanin was elected to the board of directors of Fannie Mae. Zanin is currently CEO of the Restructuring, Strategic Ventures and Insurance group at GE Capital. Previously, Zanin was GE Capital’s CRO. read more

Liquidity Services Launches Online Construction Equipment Marketplace

Liquidity Services launched IronDirect, a new marketplace which provides construction equipment buyers an online platform to purchase a large and growing number of value-priced and premium brand products. read more

Deutsche Provides $300MM Facility to Support Tesla Leasing Program

Tesla Motors received a credit line of $300 million from Deutsche Bank (USA) to support the Tesla Finance direct vehicle leasing program. read more

Wells Fargo Amends Erickson Air Crane Credit Agreement

Erickson, formerly known as Erickson Air Crane, and Erickson Helicopters, formerly known as Evergreen Helicopters, entered into a credit agreement amendment with a lender group led by Wells Fargo as administrative agent. read more

Volvo Granted $20MM in Federal Funding to Improve HD Truck Efficiency

Volvo Group North America will receive $20 million in federal funding under a SuperTruck II award announced by the U.S. Department of Energy. read more

Navistar Subsidiary Partners with Big Ten Conference

International Truck entered into a marketing partnership with the Big Ten Conference, making it the official equipment truck of the league and the Big Ten Network for the 2016 and 2017 football seasons. read more

PayNet Hires Tennola as Chief Financial Officer

PayNet hired Paul Tennola as chief financial officer. He will oversee financial management, strategic planning, corporate finance, accounting and investor relations. read more

CIT Arranges $61.8MM in Acquisition Financing

CIT Real Estate Finance served as sole lead arranger and administrative agent for a $61.8 million senior secured credit facility to a joint venture between True North Management Group and Fulcrum Asset Advisors. read more

U.S. Bank’s Cartwright Named Key Woman Influencer of 2016

Tina Cartwright, senior vice president of information technology for U.S. Bank Equipment Finance, was recognized as one of The Cannata Report’s core three “Women Influencers of 2016." read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com