Pinnacle Financial Partners Adds Ahrendt as Credit Advisor for Equipment Finance

Pinnacle Financial Partners expanded its equipment finance team with the addition of Casey Ahrendt, who will serve as a credit advisor for the specialized group. Ahrendt most recently worked in Wells Fargo’s independent risk function. read more

First Citizens Bank Provides $10MM to Nordic Hamburg

First Citizens Bank’s maritime finance group, part of the CIT division, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships. read more

DLL Launches Whitepaper Spotlighting AgTech

DLL launched “The Farming. The Future. The Financing.”, a whitepaper covering the topic of agricultural technology, the latest agricultural innovations and flexible financial solutions that facilitate its adoption.   read more

Overall Lender Confidence Remains Positive in Q1/23, Down From Q4/22

According to the Asset-Based Lending Index by the Secured Finance Network, combined (bank and non-bank) business lenders’ confidence stayed slightly positive during Q1/23 at 50.3 points, although that was a 5.8-point decline from Q4/22. read more

Alfa Publishes Whitepaper on Software-as-a-Service and Cloud Services

Alfa, provider of Alfa Systems, a cloud-native technology platform for auto and equipment finance companies, published a new paper on software-as-a-service and cloud services. read more

TIAA Bank to Return to EverBank Brand Name

TIAA Bank will become EverBank, returning to its previous brand name, as the bank transitions to new ownership. The brand name change will go into effect following the close of the sale of TIAA Bank first announced last November, with the closing expected this summer. read more

Mitsubishi HC America Capital Hires Witmer as Senior Origination Leader for ABL

Mitsubishi HC Capital America hired Todd Witmer as senior origination leader for asset-based lending. Witmer’s previous position was president of southeast Michigan at Mercantile Bank. read more

Aviation Capital Group Leases 8 A320neo Aircraft to Avianca

Aviation Capital Group signed leases with Avianca for eight Airbus A320neo aircraft. All eight aircraft are powered by CFM International LEAP-1A26 engines and are scheduled for delivery in 2023. read more

Equipment Finance New Business Volume Inches Up 1% in May

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry in May was $9.5 billion, up 1% year over year from new business volume in May 2022. read more

CLFP Foundation Adds 21 New CLFPs, First CLFP in Pakistan

The Certified Lease & Finance Professional Foundation announced that 21 individuals recently passed the eight-hour online proctored CLFP exam, including Muhammad Arif, an implementation consultant at Leasepath, who became the first person in Pakistan to earn the CFLP designation. read more

Ares Management Acquires $3.5B Lender Finance Portfolio from PacWest

Ares Management completed the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp. Barclays provided exclusive financing to Ares on the transaction. read more

Accord Financial Announces Proposed Debenture Amendments

Accord Financial will seek the approval of holders of its 7% convertible unsecured subordinated debentures due Dec. 31 to amend certain terms of such debentures, including increasing the interest rate from 7% to 10% and extending the maturity date to Jan. 31, 2026. read more

BTIG Investment Banking Adds Magee to Financial Institutions Group

BTIG Investment Banking added Jay Magee as a managing director within its investment banking division’s financial institutions group. Prior to joining BTIG, Magee was a managing director and co-head of the financial services group at JMP Securities, where he held several roles since 2005. read more

Huntington Business Credit Closes $40MM Credit Facility for Tex-Tube Company

Huntington Business Credit closed a $40 million credit facility with Tex-Tube Company, a Houst-based manufacturer and distributor of steel pipe and elliptical tubing to various industries. read more

Avolon Signs Memorandum with Airbus to Order 20 A330neo Aircraft

Aircraft leasing company Avolon signed a memorandum of understanding with Airbus at the Paris Air Show to order 20 A330neo aircraft. The new aircraft are scheduled to be delivered between 2026 and 2028. read more

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