Of Interest

LeaseQuery Highlights Critical Role of Software in Facilitating Compliance and Reducing Spending

According to the first segment of LeaseQuery’s Technology Lease Benchmark Report, now that companies have transitioned to comply with ASC 842, the annual percentage change in average lease liabilities for the technology sector has been less significant than in recent years. read more

Monitor to Host Converge 2024 in Philadelphia, Adds Future and Innovation Workshop

Monitor will host Converge 2024 on May 15-16, 2024 at the Kimpton Monaco Philadelphia, with a two-day conference followed by an evening gala and award ceremony at the National Constitution Center to close out the event. read more

Only a Fifth of Companies on Track for Net Zero; Heavy Industries Key to Breaking Decarbonization Stalemate

Fewer than one in five companies (18%) are currently on track to reach net zero emissions in their operations by 2050 and more than a third (38%) said they cannot make further investments in decarbonization in the current economic environment, according to Accenture. read more

First Citizens Bank Leads $170MM Refinancing for esVolta

First Citizens Bank’s energy finance business served as lead agent on a $170 million credit facility for esVolta, a developer, owner and operator of utility-scale battery energy storage projects in North America. read more

Apollo Affiliate Acquires Kelley Leasing Partners, Launches Compressed Gas Equipment Services Platform

Composite Advanced Technologies, an affiliate of Apollo, acquired Kelley Leasing Partners, a compressed gas transportation leasing company, and launched Hydria, a compressed gas platform providing equipment and services. read more

Exchange Bank Promotes Back to VP and Commercial Relationship Manager

Exchange Bank promoted Kelly Back to vice president and commercial relationship manager from his previous role as a branch manager in Sebastopol, CA. Sebastopol has more than 18 years of local banking experience. read more

Legal Industry Embraces AI But Remains Slow on ESG and DE&I

According to a survey from Wolters Kluwer, 73% of lawyers expect to integrate generative AI into their legal work, while nearly 70% of firms are not very prepared to meet ESG demands and 45% have no formal diversity, equity and inclusion policies in place. read more

Merchants Fleet Survey Reveals Sustainability Will Influence 2023 Holiday Shopping Season

According to a survey from Merchants Fleet, 87% of U.S. consumers are about the environmental impact of holiday package deliveries. More than half of survey respondents said they would buy more online if they knew shipments would be delivered by electric vehicle. read more

Deutsche Bank, Goldman Saches and Värde Partners Provide Debt Financing to MPOWER

MPOWER Financing closed on debt financing that propelled the firm’s overall lending capacity to more than $300 million. The funding included commitments from Deutsche Bank, Goldman Sachs and Värde Partners. read more

First Citizens Contributes $200K to Nonprofits Providing Hawaii Wildfire Relief

First Citizens Bank is contributing $200,000 to nonprofit organizations providing housing relief and other essential assistance in areas impacted by the recent Hawaii wildfires. read more

Moritt Hock & Hamroff Recognized in Best Lawyers 2024 Best Law Firms Report

Moritt Hock & Hamroff was recognized in the 2024 edition of Best Law Firms nationally in one practice area and regionally in four practice areas, earning national recognition for its bankruptcy and creditor debtor rights/insolvency and reorganization law practice. read more

LeaseWorks Signs BBAM as First Customer for Newly Launched Utilization Tracker

LeaseWorks, a provider of cloud-based solutions and services, signed aircraft lessor BBAM as its first customer for the recently launched LeaseWorks Utilization Tracker within the Aeris MATCH software ecosystem. read more

Federal Reserve Continues Pause on Interest Rate Hikes

The Federal Reserve announced on Thursday stated that it will maintain the target range for the federal funds rate between 5.25% and 5.5%. The Fed made a similar decision in September, pausing its run of hikes aimed at curbing rising inflation that began in March 2022. read more

H&E Equipment Services Acquires California-Based Equipment Provider

Equipment rental company H&E Equipment Services acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. read more

Wells Fargo Vice Chairman to Leave Company

Thomas R. Nides, vice chairman of Wells Fargo, will leave the company to return his attention to events in the Middle East. Nides joined Wells Fargo in September after retiring in July as U.S. ambassador to Israel, a post he had held since 2021. read more

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