News

Pinnacle Bank Promotes Dennett to Chief Credit Officer

Current deputy chief credit officer of Pinnacle Bank, Cliff Dennett, has been promoted to chief credit officer following the retirement of Robert Blatter. read more

Greenbrier Receives New $150MM Term Loan to Finance Leasing Fleet

Greenbrier Companies, an international supplier of equipment and services to global freight transportation markets, entered an agreement for a new $150 million term loan to finance the continued growth of its leasing fleet. read more

First Eagle Investments Completes Acquisition of Napier Park Global Capital

First Eagle Investments completed the acquisition of alternative credit manager Napier Park Global Capital. The acquisition of Napier Park has significantly broadened First Eagle's capabilities in the large and diverse alternative credit market. read more

FVLCRUM Funds Acquires Gulf Coast Crane Services

FVLCRUM Funds acquired Gulf Coast Crane Services, a crane rental services solutions and equipment company. Gulf Coast Crane is the first company to be acquired by FVLCRUM's crane services platform, Peak Lifting Solutions. read more

Air Lease Closes Lease Placements for Airbus Aircraft with Qanot Sharq Airlines

Air Lease closed on long-term lease placements for two new Airbus A321neo aircraft with Qanot Sharq Airlines, a privately-owned airline in Uzbekistan. The aircraft are scheduled to deliver to the airline this fall from Air Lease’s order book with Airbus. read more

CIT Increases Lending Facility for Fashion Company to $100MM

CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel. read more

United Rentals Launches Total Control Emissions Tracking for Rental Equipment

United Rentals launched a new data-driven solution in its cloud-based Total Control fleet management platform, which helps to provide information customers can use as part of their programs to monitor and manage their environmental impact. read more

Global Crossing Airlines Signs Agreement with Icelease to Convert A321 to A321 P2F

Global Crossing Airlines Group signed a definitive agreement with Icelease to convert an Airbus A321 aircraft (MSN 2840) and lease to Global Crossing Airlines Group for a period of eight years. read more

KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2022-2

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by Octane Receivables Trust 2022-2 (OCTL 2022-2), a powersports equipment loan ABS transaction. OCTL 2022-2 will issue four classes of notes totaling $300 million. read more

Owl Rock Makes Equity Commitment to New Leasing Platform

Certain of Owl Rock’s funds made an initial equity commitment to Amergin Asset Management, a newly formed portfolio company created to invest in a leasing platform focused on railcar and aviation assets. Mark McGreenery will lead the new company. read more

Regents Capital Expands National Sales Team

Regents Capital expanded its sales division by adding Matthew Brown as national sales director and Mike Miller, Mike Horner, Steve Pierson, Gerald LaPorta and Mathew Hennings as national account managers. read more

Key Equipment Finance Arranges Financing for LNG Containerships for Pasha Hawaii

Key Equipment Finance is serving as lead arranger for $335 million in total financing for a pair of liquefied natural gas fueled containerships for Pasha Hawaii. read more

First Financial Equipment Leasing Hires Anderson as VP, Operations Manager

First Financial Equipment Leasing hired David Anderson as vice president and operations manager. Before joining First Financial Equipment Leasing, Anderson served as senior vice president of operations at Mitsubishi HC Capital. read more

Synovus Appoints Creson Chief Risk Officer

Synovus appointed Shellie Creson its chief risk officer. Creson succeeded Mark Holladay, who retired from Synovus in March. Prior to Synovus, Creson served as executive vice president and chief audit executive at Fifth Third Bank. read more

Fleet Advantage Increases Customer Base by 25% in Last 12 Months

Fleet Advantage delivered more than 4,000 new and used trucks this past fiscal year and expanded its customer base by 25% over the last 12 months. The company also continued its focus on helping fleets reduce their carbon emissions over the last 12 months. read more

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