News

Secured Lenders Maintain Positive Outlook Despite Inflation Rate Hikes

According to data from the Secured Finance Network, Q4/23 was marked by steady confidence in the ABL industry, with lenders maintaining a positive outlook despite persistent inflation and rising interest rates. read more

BNP Paribas Appoints Marshall Head of US Rates Strategy

BNP Paribas appointed Will Marshall head of U.S. rates strategy. He will join Markets 360, the bank’s market strategy and economics division. In his role, Marshall will lead the bank’s strategy coverage of all U.S. rates products.  read more

US Middle Market Experienced 11% Revenue Growth in Early Q1/23

According to the Golub Capital Altman Index produced by Golub Capital in collaboration with credit expert Dr. Edward I. Altman, middle-market private companies experienced year-over-year earnings growth of 11% and revenue growth of 11% during the first two months of Q1/23. read more

Crédit Agricole CIB and HASI Provide $450MM in Secured Financing to SunPower

SunPower, a residential solar technology and energy services provider, secured financing commitments of more than $450 million for its residential solar and storage loan program from HASI, an investor in climate solutions, and Crédit Agricole CIB. read more

Volvo Trucks Provides 6 Volvo VNR Electric Trucks to Coca-Cola Canada Bottling

Coca-Cola Canada Bottling is set to acquire six Volvo VNR electric trucks as part of a pilot program to service its ‘Red Fleet’ customer delivery routes throughout the greater Montreal area. read more

Maxus Capital Group Commemorates 30th Anniversary

Maxus Capital Group is celebrating its 30th anniversary as an independent specialty finance company. During its history, the company has originated, serviced and executed on nearly $2.5 billion in transactions. read more

Mitsubishi HC Capital America Expands Transportation Finance Capabilities

Mitsubishi HC Capital America is expanding its transportation division following the company’s integration with ENGS Commercial Finance and Mitsubishi HC Capital America (U.S.A.) on April 1. read more

CSI Leasing Launches Subsidiary in Indonesia, Wicaksono to Lead

CSI Leasing continued the expansion of its Asia-Pacific operations by opening a subsidiary in Jakarta, Indonesia. Rio Wicaksono will manage CSI Indonesia. Wicaksono has nearly 20 years of finance experience, most recently from PT Century Tokyo Leasing Indonesia. read more

ELFA Releases Details About 2023 Legal Forum in Fort Myers, FL

The Equipment Leasing and Finance Association announced the agenda for its 2023 Legal Forum and recognized the members who are serving on the 2023 ELFA Legal Committee. The forum will be offered both in-person from May 7 to May 9 in Fort Myers, FL, and virtually at a special rate of $295. read more

Brookfield Infrastructure Partners Acquires Triton International for $13.3B

Brookfield Infrastructure Partners entered a definitive agreement to acquire Triton International in a cash and stock transaction valuing Triton’s common equity at approximately $4.7 billion and reflecting a total enterprise value of approximately $13.3 billion. read more

US Bank Appoints New Executive Leaders to Succeed Quinn and Kelligrew

U.S. Bank appointed new members to its executive leadership team to succeed Kate Quinn, vice chair and chief administrative officer, and Jim Kelligrew, vice chair of corporate and commercial banking, who will retire on June 30. read more

Citizens Financial Group Names Stein to Succeed Griggs as Chief Risk Officer

Richard Stein will assume the role of chief risk officer of Citizens Financial Group upon the retirement of Malcolm Griggs in Q1/24. Stein will join Citizens from Fifth Third Bancorp, where he most recently served as executive vice president and chief credit officer. read more

Dynamic Capital Equipment Finance Funds $5MM Loan for Crude Master Transport

Dynamic Capital Equipment Finance funded a $5 million term loan through the utilization of its own in-house financing for Crude Master Transport. read more

Chapman Freeborn Appoints Collier President of ACMI Leasing

Chapman Freeborn, a global air charter and leasing specialist, appointed Scott Collier president of ACMI leasing to lead the company’s newly-formed global ACMI department. read more

HSBC Adds ‘Dozens’ of Former Silicon Valley Bank Employees to US Division

According to Reuters, David Sabow, the former head of technology and healthcare in North America for Silicon Valley Bank, is leading a team of “dozens” of former Silicon Valley Bank employees in joining HSBC’s U.S. division. read more

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