Castlelake Repays Aircraft-Backed Securitization

Castlelake, an alternative investment manager, fully repaid Castlelake Aircraft Securitization Trust 2015-1R, an aircraft-backed securitization originally issued by Castlelake in 2015 and refinanced in 2019. read more

Smolenski, President & CEO Of MMP Capital, Joins Forbes Finance Council

The Forbes Finance Council, an invitation-only community for financial services leaders, accepted John-Paul Smolenski, president and CEO of MMP Capital. read more

Aviation Capital Group Appoints Mangels VP of Marketing

Alan Mangels joined Aviation Capital Group as vice president of marketing. Mangels was previously with CDB Aviation and also spent multiple years at Rolls-Royce and Airbus. Mangels will be responsible for covering the North American region. read more

Aircastle Closes $300MM Revolving Credit Facility with Mizuho Bank

Aircastle closed on a new $300 million unsecured revolving credit facility with Mizuho Bank. The facility has a term of up to two years. read more

Ashland Place Completes Aircraft Financing for Royal Aero and Aquila Air Capital

Ashland Place Finance, a commercial aviation financing platform, completed a new financing facility for three B737-800s for Royal Aero GmbH and Aquila Air Capital. read more

Trailer Makers Expect Demand to Exceed Capacity Through 2023

According to ACT Research, supply chain concerns still linger, with some manufacturers sharing that they see no short-term improvement in sight. Most trailer makers expect demand to continue exceeding capacity through the end of 2023. read more

MassMutual to Transition Equipment Finance Business to Barings

MassMutual plans to transition MassMutual Asset Finance and its direct private investments division, which provides fund financing, to Barings, an investment manager and subsidiary of MassMutual. read more

ELFA Forecasts Construction & Machine Tools to Lead Equipment Sectors in 2023

According to the Equipment Leasing and Finance Association, construction, machine tools, medical, trucks/trailers and high technology/computers will be the leading equipment sectors for 2023 based on portfolio performance. read more

Greenbrier Board Member Starling Passes Away

David L. Starling, a board member of The Greenbrier Companies, passed away at the age of 73. Starling served on Greenbrier's board since 2017 and was recently reelected to a three-year term. read more

Equity Bank Completes Multiple Promotions

Equity Bancshares, the Wichita, KS-based holding company of Equity Bank, promoted several individuals to new leadership positions within the company, following board approval in January. read more

Onset Financial CFO Named to Utah Business’ 40 Under 40 List

Utah Business recognized Remington Atwood, CFO of Onset Financial, on its annual 40 Under 40 list. read more

Ritchie Bros. Sells More Than $244MM in Equipment at Auction in Orlando, FL

Ritchie Bros. sold more than 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value. read more

Midcap Financial Acquires Portion of Sector’s Managed Healthcare ABL Portfolio

MidCap Financial completed an acquisition of a significant portion of Sector Financial’s managed healthcare asset-based lending portfolio, totaling more than $500 million in commitments and more than $300 million in funded assets. read more

DoubleCheck Names Weisblatt VP of Corporate and Business Development

DoubleCheck Solutions, a financial technology company, named Jon Weisblatt its new vice president of corporate and business development. Weisblatt is the former CEO of UpgradeUSA, a financial technology company focused on equipment leasing. read more

36th Street Capital Appoints Latouche Chief Risk Officer

36th Street Capital Partners appointed Cecile Latouche chief risk officer. Latouche brings more than 15 years of equipment finance experience to the position, including prior senior risk officer roles. read more

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