Of Interest

GE Finalizes HQ Move to Boston 

GE’s new headquarters will be located in the Seaport District of Boston along Necco Street. read more

UPS Invests $100MM in Compressed Natural Gas, CNG Vehicles

UPS plans to build an additional 12 compressed natural gas fueling stations and add 380 new CNG tractors to its growing alternative fuel and advanced technology fleet. read more

Grant Capital Provides $12.8MM Refi for City of Cincinnati

Grant Capital has refinanced a $12.8 million lease purchase agreement with the city of Cincinnati. read more

Fed OKs Goldman Sachs Assumption of GE Capital Bank’s Utah Deposits

The Federal Reserve has approved Goldman Sachs Bank USA to assume substantially all the deposit liabilities and acquire certain limited assets of GE Capital Bank in Utah. read more

IEA Says Oil Price Hike Not a Symptom of Possible Production Freeze

Bloomberg reported that the International Energy Agency said that talks about a possible production freeze between crude-exporting nations is not the primary driver behind rising oil prices. read more

MUFG, ING Arrange $387MM NTE Energy Center Financing

NTE Energy closed on $387 million of project financing for the construction and operation of its Kings Mountain Energy Center. ING Capital and MUFG Union served as coordinating lead arrangers on the deal. read more

GE Closes Financing on Connecticut Energy Center

GE Energy Financial Services and Competitive Power Ventures closed financing on the 785 megawatt CPV Towantic Energy Center in Oxford, CT. read more

Fitch Affirms Triton Aviation, Withdraws Ratings

Fitch Ratings affirmed and withdrew Triton Aviation Finance classes A-1, B-1, B-2, C-1 and C-2. The pool of aircraft consisted largely of aged, lower tier aircraft. read more

IEA Anticipates Decline in Oil Production from Outside OPEC

According to Bloomberg, the International Energy Agency said that oil prices have passed their lowest point as shrinking supplies outside of OPEC eat into the global surplus. read more

CHP Consulting Clients Dominate UK’s Asset Finance 50

CHP Consulting’s ALFA Systems software platform serves five of the top 10 and 11 of the top 25 companies listed in the Asset Finance 50. read more

February Commercial Bankruptcy Filings Climb 32% Y/Y

The American Bankruptcy Institute announced, citing data from Epiq Systems, total commercial bankruptcy filings in February 2016 jumped to 3,000, representing a 32% increase from the 2,280 filings recorded in February 2015. read more

SEC Charges RI/EDC, Wells Fargo with 38 Studios Fraud

The SEC charged a RI/EDC and it bond underwriter Wells Fargo Securities with defrauding investors in a bond offering to finance 38 Studios, a startup video game company led by former Boston Red Sox pitcher Curt Schilling. read more

CIT Agents $50MM Credit Facility for Superior Biologics

CIT Healthcare Finance served as sole lead arranger and administrative agent for a $50 million senior secured credit facility to Superior Biologics, a specialty pharmacy provider. read more

Bloomberg: Trac Intermodal Plans $485MM Junk Bond Deal

Bloomberg reported Trac Intermodal is planning to raise $485 million of junk bonds in part to pay a dividend to its private-equity owner, Fortress Investment Group. read more

Tiger Leasing Founder Steven Robbins Passes Away

Equipment leasing and finance industry veteran Steven Robbins, who was the founder and president of Tiger Leasing, passed away after a battle with colon cancer. read more

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