News

Crestmark Provides $31MM+ in Financing in H2/March

Crestmark provided more than $31 million in commercial financing to 42 businesses in the second half of March 2019. read more

ACT Research: NA Class 8 Orders Drop Significantly in March Y/Y

Preliminary North America Class 8 net order data show the industry booked 15,700 units in March, dropping a moderate 6.7% from February, but down 66% from year-ago March. read more

White Oak Healthcare Finance Closes $82MM Loan for Caregiver

White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $82 million senior credit facility for Caregiver, a behavioral health company. read more

Air Lease Delivers Boeing 787-9 to China Southern Airlines

Air Lease delivered one new Boeing 787-9 aircraft on long-term lease to China Southern Airlines. read more

Odessa Appoints Mehra as CTO; Hires Abraham as COO

Odessa announced expansion of the company’s executive leadership to position itself for the next phase of growth and innovation. Co-founder, Jay Mehra, will transition from his current chief operating officer role to the newly created role of chief technology officer. Mathew Abraham will join Odessa to become the chief operating officer this month. read more

Aircastle Advisor Appoints Winter as CCO to Succeed Kriedberg

Aircastle Limited has announced that Douglas Winter has been appointed as chief commercial officer of its affiliate, Aircastle Advisor, and he will join the company at the end of April. He will succeed Michael Kriedberg, who will become a senior advisor through the remainder of 2019 in order to ensure a smooth transition. read more

RVI Names Egan, McGroarty as Co-CEOs

RVI Group has announced that Douglas H. May, effective March 31, 2019, is retiring from his role as CEO which he has held since 1997. Under May’s tenure as CEO, RVI became the preeminent insurer of residual values, having profitably insured more than $76 billion of asset values. May will continue on in an advisory capacity and remain a member of RVI’s board of directors. read more

ACT Research: Used Truck Prices Rose 2% M/M in February; Sales Fell 7%

The average price of total used Class 8 trucks in February was up 2% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. read more

Ritchie Bros. to Host Largest Grande Prairie Spring Auction Ever

Next week Ritchie Bros. will host its first Grande Prairie, AB auction of the year and with 2,800+ equipment items and trucks set to sell over three days, it will be the site's largest spring auction ever. read more

2018 Chris Walker Education Fund Awards Over $18k in Grants

Grants for the 2018 Chris Walker Education Fund (CWEF) have been finalized and awarded. read more

Triumph Group Completes Sale of Machining and Fabrication Businesses

Triumph Group announced the completion of the previously announced sales of its machining and fabrication businesses to NWI Holdings and Arlington Capital Partners, respectively. read more

Sertant Completes $10.5MM Transaction For Film and Paper Manufacturer

Sertant Capital has completed a $10.5 million transaction for a full-service flexible film and paper packaging manufacturer and converter specializing in sustainable packaging for the food, beverage, nutraceutical, construction, textile and health care industries. read more

Hoeffner Joins Cass Commercial Bank as Director of Equipment Finance

Cass Commercial Bank formed a new division focused on financing equipment purchases for businesses, not-for-profit organizations and municipalities through capital and municipal leases. The bank appointed Senior Vice President George Hoeffner to lead this new effort. read more

Western Alliance Bank Introduces New Equipment Finance Group

Western Alliance Bank introduced Western Alliance Equipment Finance, a national specialty banking group created to target the $1 trillion equipment financing sector and provide capital equipment financing solutions for companies nationwide. read more

DLL Closes UK Equipment Lease Securitization at $399MM+

DLL closed its DLL UK Equipment Finance 2019-1 Equipment Lease securitization transaction at £306 million ($399.147 million). This is the first public ABS transaction issued by DLL in Europe and the first UK ABS transaction with equipment lease exposure in 5 years. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com