Of Interest

Ritchie Bros. Sells $44MM of Equipment During Auction for WB Pipeline

Ritchie Bros. Auctioneers, a subsidiary of RB Global, sold nearly $44 million of equipment for WB Pipeline in an auction on Aug. 9 in Splendora, TX. The auction was part of a strategic downsizing initiative for WB Pipeline, which will continue to serve its clients.  read more

Sabal Capital Partners Official Transitions to Regions Real Estate Capital Markets Brand

Regions Bank announced that Sabal Capital Partners is now officially part of the Regions Real Estate Capital Markets brand. Regions acquired Sabal Capital Partners in December of 2021. read more

TD Bank Survey Shows Consumers Are Seeking Lower-Priced Options to Combat Inflation

According to TD Bank’s 2023 Consumer Spending Index, four out of five consumers have had their spending habits impacted by inflation, with more than half turning to discounts and promotions (57%) and seeking lower-priced options (53%) to combat inflation. read more

ECN Capital and Skyline Champion to Form New Captive Finance Company

In connection with a $138 million equity investment, ECN Capital and Skyline Champion will form a captive finance company that will be 51% owned by Skyline Champion and 49% owned by Triad Financial Services, a wholly-owned subsidiary of ECN Capital. read more

Inovatec’s Head of Business Development to Moderate Panel at Mobile Payments Conference

Bob Metodiev, head of business development at Inovatec Systems, a provider of cloud-based software solutions for lenders, will serve as moderator of the “Next-Gen Lending and Payments” panel taking place at the Mobile Payments Conference. read more

Blackstone Closes Energy Transition Private Credit Fund at $7.1B

Blackstone closed its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), which closed at its hard cap of $7.1 billion, representing the largest energy transition private credit fund ever raised, according to Blackstone.  read more

US Steel Partners with Google Cloud on Generative AI Technology Applications

U.S. Steel and Google Cloud announced a new collaboration to build applications using Google Cloud’s generative artificial intelligence technology to drive efficiencies and improve employee experiences in iron ore mines in North America. read more

FIS Earns Top 200 Fintech Company Recognition from CNBC

Financial technology company FIS was recognized on CNBC’s inaugural list of the top 200 global fintech companies. CNBC named FIS a top fintech company in the digital banking solutions category. read more

CASE Construction Equipment and Team Rubicon Expand Partnership for Heavy Equipment Operation Training

CASE Construction Equipment commenced a pilot program earlier this year to support a new initiative with humanitarian organization Team Rubicon to train more volunteers to operate heavy equipment in response to disasters and crises. read more

Textron Aviation Secures Brazilian Certification of Cessna SkyCourier

The National Civil Aviation Authority of Brazil awarded type certification to Textron Aviation’s Cessna SkyCourier twin utility turboprop, paving the way for the aircraft to serve the Brazilian market. read more

Truist Invests $17MM in Affordable Housing and Career Development in North Carolina

Truist Financial and Truist Foundation announced $17 million in commitments to support affordable housing in Charlotte, NC, and career development and economic mobility programs across North Carolina. read more

Eastern Bank Adds New Members to Board of Advisors and Board of Ambassadors

Boston-based Eastern Bank selected six community and business leaders for its board of advisors and board of ambassadors. read more

Five Star Bank Partners with Numerated to Expand Small Business Lending Solutions

Warsaw, NY-based Five Star Bank expanded its suite of small business products and services. Through a partnership with Numerated, a business banking financial technology company, Five Star Bank is now offering digital loan origination for small businesses. read more

Regions Bank Expands Integrated Billing and Payments for Business Clients

Regions Bank expanded its integrated billing and payments suite for business clients through a new digital solution powered by Mastercard, as well as Nordis Technologies, that enables clients to streamline electronic bill presentment and payments. read more

Griffin Global Asset Management Cloes $525MM Unsecured Revolving Credit Facility

Griffin Global Asset Management, a commercial aircraft leasing and alternative asset management business, closed a three-year, $525 million unsecured revolving credit facility. read more

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