News

CNH Industrial Completes Voluntary Delisting of Shares from Euronext Milan

CNH Industrial completed the voluntary delisting of its shares from Euronext Milan. Shares of CNH Industrial are now solely listed on the New York Stock Exchange. read more

BOC Aviation Purchases 6 Airbus Aircraft to Lease to Condor

Aircraft operating leasing company BOC Aviation agreed to purchase four new Airbus A321NEO and two new Airbus A320NEO aircraft from Airbus. The aircraft will be leased to German airline Condor Flugdienst on long-term leases. read more

High Interest Rates Continue to be a Major Concern for Small Businesses

According to the National Federation of Independent Business, 80% of small business owners accessing credit in the last three months reported high interest rates as their largest financing complaint, a significant increase from July (58%). read more

Oxford Finance and Hercules Capital Provide $400MM Debt Facility to Verona Pharma

Biopharmaceutical company Verona Pharma entered into a debt financing facility providing the company with access to up to $400 million from funds managed by Oxford Finance and Hercules Capital. read more

Fourshore Partners Acquires Power Funding

Fourshore Partners acquired Power Funding, a factoring company focused on the oil and gas and transportation industries. Meadows Collier and Hovde Group served as advisors to the seller. read more

Former Key Equipment Finance Exec Gross to Head Falcon National Bank’s Equipment Finance Unit

Amy Gross, former executive vice president of commercial vendor and government finance at Key Equipment Finance, announced via LinkedIn that she will join Falcon National Bank in Saint Cloud, MN, as senior vice president and head of equipment finance. read more

Willis Lease Finance Adds Curran to Board of Directors

Willis Lease Finance, a lessor of commercial aircraft engines, appointed Brendan Curran to its board of directors, effective, Jan. 1. With a career in the aerospace industry spanning nearly four decades, Curran has experience across the engine and airframe segments. read more

BCB Bancorp Names Shriner President and CEO

BCB Bancorp, the holding company for New Jersey-based BCB Community Bank, named Michael A. Shriner president and CEO of BCB Bancorp and BCB Community Bank, effective Jan. 1. The company's retiring president and CEO, Thomas M. Coughlin, will continue to serve on the company’s board of directors. read more

Air Methods Emerges from Chapter 11 Bankruptcy, Reduces Debt by $1.7B

Air Methods, a provider of air medical services in the U.S., emerged from Chapter 11 bankruptcy. As a result of the restructuring process, Air Methods reduced its total debt by approximately $1.7 billion. read more

Eastern Bank Adds Norberg as VP, Underwriter and Portfolio Manager for ABL Team

Eastern Bank hired Richard Norberg as vice president, underwriter and portfolio manager focused on asset-based lending. Based in Boston, Norberg’s experience spans asset-based lending as well as broader commercial lending. read more

First Federal Bank Donates More Than $100K to Nonprofit Agencies

First Federal Bank, a community-based bank serving Florida and South Carolina, announced that it will donate $100,900 to nonprofit agencies through its 2023 First Federal Way campaign. read more

Financial Partners Group Adds Weinstein as CFO

Dan Weinstein joined Financial Partners Group as CFO. Prior to joining FPG, Weinstein served as the president of HALO, a consumer electronics company.  read more

Pattern Energy Group Closes $11B in Financing for Clean Energy Infrastructure Project

Pattern Energy Group closed an $11 billion non-recourse financing for and began full construction of SunZia Transmission and SunZia Wind, which, according to Pattern Energy Group, is the largest clean infrastructure project in U.S. history. read more

Irontrax Celebrates 20-Year Anniversary

Irontrax, a provider of equipment appraisals, sales and advisory services, is celebrating its 20th anniversary this year. To celebrate its 20th anniversary, Irontrax has planned a series of events, initiatives and special offers. read more

Structured Finance Market to Grow by Nearly $1B by 2028

According to a new report from technology research and advisory company Technavio, the structured finance market will grow by an estimated $997.68 billion between 2023 and 2028, growing at a compound annual grow rate of 11.8%. read more

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