Of Interest

MUFG: Restaurant Franchise Financing Rebounds to Pre-Pandemic Levels

Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of restaurant finance at Mitsubishi UFJ Financial Group. read more

Asset Control Rebrands as Alveo

Asset Control rebranded as Alveo to reflect the change within the business since moving to new ownership more than two years ago. Alveo is a provider of market data integration and analytics solutions for financial services. read more

Bombardier Delivers 200th TRAXX Locomotive to Railpool

Bombardier Transportation delivered the 200th BOMBARDIER TRAXX locomotive to Railpool, a European rail vehicle leasing company. The handover took place at Bombardier’s Kassel site in Germany. read more

Synovus Launches New Agriculture and Timber Team

Synovus Bank launched a new agriculture and timber team, with an initial focus on the production, agribusiness and timber segments of the industry south of the Fall Line in Georgia, and additional coverage in northwest Florida and southeast Alabama. read more

BMO Ranked Among Most Sustainable Companies by Dow Jones

BMO Financial Group ranked in the 91st percentile of banks globally on the Dow Jones Sustainability Indices. The DJSI is a set of best-in-class benchmarks for investors who recognize that sustainable business practices are critical to generating long-term shareholder value. read more

Canadian Issuers and Investors Differ on Sustainable Finance Priorities, Progress

According to a survey from HSBC, 98% of Canadian issuers factor sustainability into their practice. While issuers and investors reported common ground on investment opportunities in infrastructure investment, the two groups differ when it comes to clean power technology. read more

Scorpio Bulkers Sells 4 Ultramax Vessels

Scorpio Bulkers entered into an agreement with an unaffiliated third party to sell the SBI Bravo, SBI Antares, SBI Hydra and SBI Maia for approximately $67 million in aggregate. These Ultramax bulk carriers were built in 2015. read more

Penske Truck Leasing Opens Facility in San Antonio Region

Penske Truck Leasing built a new facility in Selma, TX. The facility opened on Oct. 19 and offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance. read more

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

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