News

Paceline Equity Partners Buys Railroad MOW Equipment Lessor

Affiliates of Paceline Equity Partners, a Dallas-based private equity manager, acquired R.E.L.A.M., a lessor of railroad maintenance-of-way equipment, as well as Acme Construction and Timiny RR Construction. read more

Triton International Appoints Bexiga to Board of Directors

Triton International appointed Annabelle Bexiga to its board of directors. Bexiga previously served as chief information officer of global commercial insurance at American International Group and also held roles at TIAA, Bain Capital, J.P. Morgan and Deutsche Bank. read more

Encina Provides $20MM Lease Line to Transportation Company

Encina Equipment Finance provided a $20 million equipment lease line to a transportation services company. read more

Alaska Airlines Secures Nearly $1.2B in Debt Financing

Alaska Airlines secured nearly $1.2 billion in private loans to further secure its financial stability and future during the COVID-19 recovery period, while balancing the appropriate amount of liquidity. read more

Onset Financial Founder Nielsen Named a 2020 Top CEO

Utah Business Magazine recognized Justin Nielsen, Onset Financial founder and CEO, as a CEO of the Year. read more

Funds Managed by Apollo and Merx Complete Sale-Leaseback with Delta

Apollo Global Management and Merx Aviation, a global aircraft leasing, management and finance company, completed a sale and leaseback transaction with Delta Air Lines for 10 Airbus A220-100 aircraft. read more

ACT: Freight Rate Improvements Power Spike in June Class 8 Net Orders

According to ACT Research, preliminary North American Class 8 net orders in June were 16,000 units, rising 139% from May and 23% compared with June 2019. read more

CNH Industrial Capital Closes $600MM Offering

CNH Industrial Capital completed its offering of $600 million in aggregate principal amount of 1.950% notes due 2023, with an issue price of 99.370%. read more

Pacific Western Hires Black as Executive VP, Strategy and Corporate Development

Pacific Western Bank appointed Bill Black executive VP of strategy and corporate development to focus on sourcing and evaluating prospective strategic opportunities. read more

ELFA Provides Best Practices for Managing Sales Tax During Disruption

Lease re-writes, strategic planning for marketplace facilitator laws and audit resolution were among the topics discussed during the ELFA’s webinar. read more

MUFG Assists BBAM in Financing Four Aircraft Leased to Delta Air Lines

MUFG will provide BBAM with a senior secured term loan facility to finance a portfolio including three Airbus A321-200 airliners and one Boeing B737-900ER airliner. read more

Asset Control Recruits Nielen as Director, Strategic Business Development

Asset Control recruited Stef Nielen as director of strategic business development for the buy-side to focus on self-controlled data sourcing, mastering, derivation and integration across investment decision processes. read more

Financial Regulators Issue Statement on Managing LIBOR Transition

The FFIEC highlighted potential risks from the transition away from LIBOR and encouraged supervised institutions to continue their efforts to transition to alternative reference rates. read more

ISM: Manufacturing Grows in June; PMI at 52.6%

The ISM Report On Business showed economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction. read more

LeaseAccelerator, NTrust Partner to Offer Global Lease Services

LeaseAccelerator partnered with NTrust to support the delivery of Global Lease Services, an outsourced data solution that provides streamlined portfolio, fleet and equipment lease management for global organizations. read more

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Terry Mulreany
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