AAFC Launches EASE Healthcare Program in Ghana with FOCOS Orthopedic Hospital

EASE Ghana, a subsidiary of African Asset Finance Company that provides diagnostic equipment “as-a-service” to healthcare organizations, signed its first customer, agreeing to provide a Siemens CT scanner in the Accra facility of FOCOS Orthopedic Hospital in Pantang, Ghana. read more

Kroll Bond Rating Agency Assigns Preliminary Ratings to Octane Lending’s Powersports Equipment Loan ABS

Kroll Bond Rating Agency assigned preliminary rates to five classes of notes issued by Octane Receivables Trust 2023-2, a powersports equipment loan ABS transaction from Octane Lending. OCTL 2023-2 will issue five classes of notes totaling $300 million. read more

ACT Research Expects Strong Class 8 Production and Sales Will Exhaust Pent-Up Demand in 2023

Demand for Class 8 trucks has remained relatively resilient recently, but ACT Research expects a clear softening in big fleet profitability and other ancillary metrics during the rest of 2023. read more

Insight Investments Promotes Murray to COO

Insight Investments promoted Sheryn Murray to chief operating officer. She will continue to oversee Insight Investments’ lease administration, collections, cash applications, credit, human resources and marketing for its leasing brands. read more

EquipmentShare Closes $3B Revolving Credit Facility with Capital One

EquipmentShare increased its borrowing capacity from $2.1 billion to $3 billion through a senior secured asset-based revolving credit facility with Capital One and closed its debut offering of $640 million of senior secured notes. read more

Associated Bank Adds Goehring to Equipment Finance Team

Associated Bank hired Nicolas Goehring as senior vice president and portfolio manager lead, corporate banking. Goehring will be responsible for the credit risk and quality of the company’s overall equipment finance portfolio. read more

BankUnited Adds Former First Republic Bank Professionals to Form Corporate Banking Team in New York

BankUnited appointed financial executives Matthew Gallo, Daniel Mills and Laura Ackerman to form a new corporate banking team serving the New York metropolitan area. Gallo, Mills and Ackerman all previously worked for First Republic Bank. read more

American Association of Commercial Finance Brokers Elects New Members to Board of Directors

The American Association of Commercial Finance Brokers elected Kalah Sprabeary of HUB Funding Solutions to the role of vice president of its board of directors while electing Katie Baker of MC2 Finance as a director at large and re-electing Michael Hong as a director at large. read more

ELFA Now Accepting Nominations for 2023 Operations & Technology Excellence Award

The Equipment Leasing and Finance Association announced it will be accepting member nominations for its 2023 Operations & Technology Excellence Award. The deadline to apply is June 19. read more

Moses Singer Names Goodman-Stephens its First CEO

Law firm Moses Singer hired Rebecca Goodman-Stephens as the firm’s first CEO. Goodman-Stephens joined Moses Singer from the accounting firm Berdon, where she served as the chief operating officer. read more

Ritchie Bros. Changes Corporate Name to RB Global

Ritchie Bros. Auctioneers changed its corporate name to RB Global, following the successful closing of its acquisition of IAA acquisition. RB Global will go to market and do business with customers under the Ritchie Bros., IAA, Rouse and SmartEquip brands. read more

Oakmont Capital Service Expands Several Departments with 5 New Hires

Oakmont Capital Services expanded several departments with the recent onboarding of several professionals in both West Chester, PA, and Albany, MN. OCS also hired Jeff Schubert as a business development officer to oversee its working capital product. read more

Hogan Joins Wells Fargo as Co‑Head of M&A for Corporate and Investment Bank

Wells Fargo announced Jeff Hogan joined the corporate and investment bank as co‑head of global mergers and acquisitions within the banking division, where he will co-lead the M&A team with David DeNunzio. read more

Tellus Equipment Solutions Closes on $115MM Credit Facility

Tellus Equipment Solutions, a John Deere agricultural and turf equipment dealer in Texas, closed a new $115 million credit facility. Truist Securities is the lead arranger and sole bookrunner for the facility. read more

ELFA Recognizes ePlus Group for 30 Years of Membership

ePlus Group was recognized by the Equipment Leasing and Finance Association for 30 years of membership in the organization. read more

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