Hilco Global appointed Eric Kaup and Ben Nortman, two of its leaders with more than 20 years at the firm, to the newly created positions of co-chief commercial officers. They will provide strategic and business development leadership at the holding company level. read more
JAN 22, 2024 - 6:43 am
Gibraltar Equipment Finance closed a $1.75 million equipment lease to support an electric utility infrastructure services company. The new capital equipment facility will support the company’s recent geographical footprint expansion. read more
JAN 22, 2024 - 6:41 am
Daimler Truck Financial Services launched a partnership with Raiffeisen Leasing, a financial service provider in Romania offering financing and leasing to Romanian truck and bus customers. read more
JAN 22, 2024 - 6:38 am
Citi and LuminArx Capital announced the launch of Cinergy, a financing vehicle in the private lending market. Launched by LuminArx Capital, Cinergy will offer a range of private credit solutions to companies, including Citi’s global client base. read more
JAN 22, 2024 - 6:37 am
Golub Capital hired Andrea Picard as co-head of global institutional sales. Picard has more than 30 years of industry experience and is joining the firm after more than a decade in institutional sales leadership roles at BlackRock. read more
JAN 22, 2024 - 6:35 am
U.S. freight cycle fundamentals will improve in 2024, according to the latest release of ACT Research’s Freight Forecast, U.S. Rate and Volume Outlook report. read more
JAN 22, 2024 - 6:34 am
According to Mitsubishi UFJ Financial Group (MUFG)’s 2024 economic outlook, a so-called U.S. 'soft landing' seems increasingly plausible, although MUFG’s economists are still looking for a cyclical slowdown. read more
JAN 19, 2024 - 7:07 am
MMP Capital reported that it recorded $44 million in originations in December and $110 million in Q4/23 alone, leading to a company-record of more than $358 million in originations in 2023. read more
JAN 19, 2024 - 7:05 am
According to Phoenix Management’s Q4/23 “Lending Climate in America” survey, Overall, a majority of lenders (83%) signified a decline in credit ratings from Q3/23 to Q4/23, with 67% of lenders indicating a slight decline and 17% indicating a more-than-slight decline. read more
JAN 19, 2024 - 7:04 am
Odessa hired Steve Nippak as senior vice president of sales for North America, according to Nippak’s LinkedIn profile. Nippak was previously executive vice president of sales and country manager for Canada and Europe at UPTIQ from 2021 to 2024. read more
JAN 19, 2024 - 7:03 am
Pathward hired Andrew Osborn as senior managing director of working capital, according to a LinkedIn post from Osborn. Osborn previously spent five years as executive vice president and director of sales at ENGS Commercial Capital (not part of Mitsubishi HC Capital America. read more
JAN 19, 2024 - 6:59 am
Griffin Global Asset Management Holdings added Truist Bank with a $50 million commitment into its unsecured revolving credit facility. This transaction closed on Dec. 29, 2023, and increases the amount available in the facility to $575 million. read more
JAN 19, 2024 - 6:58 am
First Business Bank promoted Mike Groth to vice president of SBA lending. Groth started at First Business Bank in 2018 as portfolio manager, managing a portfolio of SBA lending clients. read more
JAN 19, 2024 - 6:57 am
Aircraft asset manager Stratos arranged the sale of two Airbus A330- 200 aircraft for Etihad Airways in the past two weeks, continuing a deal flow involving 10 widebodies to different buyers and lessees over the past 12 months. read more
JAN 19, 2024 - 6:53 am
The Equipment Leasing & Finance Foundation released the January 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), finding that, overall, confidence in the equipment finance market is 48.6, an increase from the December index of 42.5. read more
JAN 18, 2024 - 6:53 am