JP Morgan and US Bank Provide $750MM Credit Facility to Henry Schein

Henry Schein, a provider of healthcare solutions to office-based dental and medical professionals, closed on a $750 million credit facility with a maturity date of July 2026. JP Morgan Securities and U.S. Bank acted as joint lead arrangers. read more

Tamarack Technology Releases Whitepaper on Using AI in Equipment Finance

Tamarack Technology released a whitepaper explaining how artificial intelligence can be used within the equipment finance industry titled “Five steps to organizational transformation in equipment finance using AI.” The whitepaper is available to download for free. read more

JA Mitsui Leasing Acquires Katsumi Global

JA Mitsui Leasing acquired 100% interest in Michigan-based Katsumi Global through its subsidiary, JA Mitsui Leasing Capital, as it expands in North America. read more

Golub Capital Altman Index Shows Middle-Market Earnings Growth During Q2/23

According to the Golub Capital Altman Index, middle-market private companies in the index experienced year-over-year earnings growth of 5% and revenue growth of 4% during the first two months of Q2/23. read more

Air Lease Delivers 19 Aircraft, Records $1.5B in Aircraft Investments in Q2/23

Air Lease delivered 19 new aircraft from its order book in Q2/23 and made aircraft investments in the quarter totaling approximately $1.5 billion. read more

Peapack-Gladstone Financial Expands into New York City

New Jersey-based Peapack-Gladstone Financial, Peapack-Gladstone Bank and Peapack Private officially filed an application to open a location in New York City. Jeanne Scungio joined the team to lead the expansion as the president for Peapack Private’s New York location. read more

First Citizens Provides $42MM for Entertainment Production Facility in Yonkers, NY

First Citizens Bank’s real estate finance business provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of a new entertainment production facility located in Yonkers, NY.  read more

ACT Research: US Freight Market Bouncing Along the Cycle Bottom

According to ACT Research, driver capacity models suggest recent record declines in freight rates should be pushing out more jobs while tremors in the LTL market could press an industry rebalancing forward. read more

GAMA Adds 5 New Member Companies

The General Aviation Manufacturers Association added Aviation Partners, Enstrom Helicopter Corporation, HCL America and SmartSky Networks as member companies and Siemens Smart Infrastructure as an associate member. read more

PEAC Solutions Appoints Nasri Global Head of Marketing and Communications

PEAC Solutions appointed William Nasri global head of marketing and communications. Most recently, Nasri served as the global head of communications and corporate affairs for DLL. read more

Key Takeaways from Recent ELFA Webinar About Section 1071 Compliance

The Equipment Leasing and Finance Association recently held a webinar titled, “Section 1071: It WILL Affect Your Operation – Here’s How, and What You Can Do to Prepare,” covering how to prepare for compliance with the rules and reporting requirements of Section 1071 of the Dodd-Frank Act. read more

F.N.B. Corporation Promotes Mizerak to Chief Digital Officer

F.N.B. Corporation promoted Scott Mizerak to chief digital officer of its banking subsidiary, First National Bank and its affiliates. In his new role, Mizerak will oversee and direct the future of the bank's digital banking products, services and overall strategy. read more

Business Loan Approvals Increased Slightly in June

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks stayed at 13.4% in June. Meanwhile, small banks experienced increased approval percentages for the first time since January, going from 18.7% in May to 18.8% in June. read more

Beacon Funding and Transit Pros Enter Partnership to Expand Transportation Capabilities for Towers

Beacon Funding, an equipment financing company, and Transit Pros, a towing, roadside and transportation company, entered a strategic brand partnership with the aim of empowering towers to expand their transportation capabilities and enhance operations. read more

Inovatec System Partners with Paays Financial Technologies for Canadian Lenders

Inovatec Systems, a provider of cloud-based software solutions for lenders, partnered with Paays Financial Technologies, a provider of advanced risk management solutions for banks, credit unions, finance companies, OEMs and other organizations. read more

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