Of Interest

PNC: Small Business Owners Look to Vaccine-Driven Recovery

Many small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey. read more

Volkswagen Financial Services UK Debuts Financing Solution Powered by Scrive and Onfido

Volkswagen Financial Services UK, has partnered with Scrive and Onfido to launch a digital financing solution for UK dealerships that will integrate Scrive’s electronic signature services and Onfido’s digital identity verification services. read more

CNH Industrial Extends Syndicated Credit Facility

CNH Industrial exercised the second one-year extension option (i.e. to March 2026) of its syndicated committed revolving credit facility for €3.9505 billion ($4.76 billion). read more

Tri-Fin Capital Partners with UBIX to Improve Access to AI

UBIX, an artificial intelligence on demand for business company, entered an alliance with Tri-Fin Capital, a provider of funding solutions for technology and software related projects, to help small and mid-market companies access AI. read more

CIBC Joins RMI’s Center for Climate-Aligned Finance

CIBC joined RMI's Center for Climate-Aligned Finance as a strategic partner. According to CIBC, it is the first Canadian bank to partner with the center's efforts to align financial decision-making with the long-term decarbonization of the real economy. read more

Voyager Aviation Enters Restructuring Support Agreement with Consenting Stakeholders

Voyager Aviation entered into a restructuring support agreement documenting its previously announced agreement in principle with beneficial owners of approximately 60% of the company’s 8.5% senior notes due 2021 and holders of 100% of the company’s equity. read more

TCF Receives Greenwich Excellence Awards for U.S. Middle Market Banking

TCF Bank’s middle market team was named a winner of the 2020 Greenwich Excellence Award for U.S. Middle Market Banking in two regional categories: cash management overall satisfaction and likelihood to recommend. read more

Bombardier Fully Repays Senior Secured Credit Facility

Bombardier initiated the repayment of the total outstanding balance of $750 million drawn on its $1 billion senior secured term loan facility established on Aug. 19, 2020. read more

Ryder Updates Fleet Buy-Out Program

Ryder updated its fleet buy-out program, which allows customers to trade in their fleets and then lease new trucks through Ryder’s leasing program. Subject to the terms of the program, Ryder will purchase used commercial vehicles in a one-for-one leasing exchange. read more

Hofstra Awards Recipients of Moritt Hock & Hamroff Fellowship & Marc Hamroff ’83 Scholarship

The Maurice A. Deane School of Law at Hofstra University named Jeffrey Hassan the recipient of the 2020-2021 Moritt Hock & Hamroff Business Law Honors Fellowship and Korrine Utting the recipient of the 2020-2021 Marc Hamroff '83 Annual Scholarship. read more

CIT Provides $42.4MM for Nashville Apartment Complex

CIT Group’s real estate finance business provided $42.4 million in financing for the construction of a new apartment complex in Nashville, TN. The new complex will be known as NOVEL Harpeth Heights by Crescent Communities. read more

American Trailer Rental Group Expands to St. Louis, Burk to Lead Efforts in Region

American Trailer Rental Group, a family of companies with a rental fleet approaching 16,000 units, expanded its Meisler Trailer Rental brand to the greater St. Louis market. Mike Burk joined Meisler Trailer Rental as general manager to lead efforts in St. Louis. read more

Ritchie Bros. Sets Record for Bidders at Recent Online Auction in Houston

Ritchie Bros. sold more than 4,600 items for more than $47 million at its recent 100% online auction in Houston. The two-day auction attracted more than 14,900 bidders, which was up 68% from the same auction last year and a new record for the site.    read more

Eneti Sells 5 Ultramax Vessels for $88MM

Eneti entered into an agreement with an unaffiliated third party to sell the SBI Thalia, SBI Athena, SBI Perseus, SBI Pisces and SBI Hercules for approximately $88 million. read more

Union Square, Ryder, Equal Ventures, Greycroft Lead $12MM Financing Round for SmartHop

Union Square Ventures led a $12 million Series A financing round for SmartHop, a trucking dispatch company. RyderVentures — a new corporate venture capital fund by Ryder System — Equal Ventures and Greycroft participated in the financing round. read more

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