News

S&T Bank Hires Huff as Director of Asset-Based Lending

S&T Bank announced via LinkedIn that it hired Eric Huff as its new director of asset-based lending. According to the post, Huff “will be responsible for the ongoing sales and growth efforts of [S&T’s] asset-based lending portfolio.” read more

Textron Aviation to Deliver 48 Cessna Skyhawk Aircraft to BAA Training

Textron Aviation entered an agreement with BAA Training for the purchase of 48 Cessna Skyhawk aircraft, which are expected to be delivered in 2026. read more

ACT Research: Used Class 8 Truck Value Stabilization Still in Flux

According to ACT Research, the average retail sale price of a used Class 8 truck fell 1% month over month and 25% year over year to $62,900 in October. read more

AGCO Finance Appoints Naplocha CEO

AGCO Finance, a joint venture between DLL and AGCO Corporation, appointed Anna Naplocha to the role of CEO. Naplocha replaced Rob van den Heuvel, who accepted another role in the DLL organization. read more

Rabobank North America Launches Energy Transition Team to Fuel Growth

Rabobank announced new hires on its renewable energy team to help fuel the bank's broader growth and sustainability strategy in North America, expanding the team to include new senior bankers and its first RaboResearch analysts dedicated to the energy transition movement. read more

Equipment Finance Cares Hosts More Than 40 Professionals at Latest Event

Equipment Finance Cares held its fifth event of 2023 last week in Scottsdale, AZ, with more than 40 equipment finance professionals representing 24 different organizations in attendance. read more

Crossroads Equipment Lease and Finance to Match Employee Donations for GivingTuesday

Crossroads Equipment Lease and Finance will match its employee donations up to $1,500 to the charity of their choice as part of GivingTuesday on Nov. 28. read more

Air Lease Delivers First of 25 New Boeing 737-8 Aircraft to Malaysia Airlines

Air Lease delivered the first of 25 new Boeing 737-8 aircraft to Malaysia Airlines Berhad from its order book with Boeing. Featuring CFM LEAP 1B-27 engines, this new Boeing aircraft is the first 737-8 addition to enter Malaysia Airlines’ fleet. read more

Textainer Announces Expiration of ‘Go-Shop’ Period Related to Stonepeak Acquisition

Textainer Group, a lessor of intermodal containers, announced the expiration of the 30-day “go-shop” period under the terms of the definitive agreement it entered into to be acquired by Stonepeak, an alternative investment firm specializing in infrastructure and real assets. read more

SMBC Aviation Capital Places Order for Additional 60 Airbus A320neo Family Aircraft

SMBC Aviation Capital ordered an additional 60 Airbus A320neo family aircraft. The new order takes the international aircraft leasing company’s cumulative firm order book for the A320neo and A321neo to 184. read more

Corcentric Names Spencer SVP and Head of Accounts Payable Solutions

Corcentric, a provider of procurement and finance solutions, appointed Tom Spencer senior vice president and head of its accounts payable solutions sales division. Spencer’s experience includes senior leadership roles with Intuit and AvidXchange. read more

ELFA’s Monthly Leasing and Finance Index Shows 8% Y/Y Decrease in October New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for October was $10.4 billion, down 8% year over year from new business volume in October 2022. read more

Greenbrier Completes Second Railcar Asset-Backed Securities Issuance

The Greenbrier Companies, a supplier of equipment and services to the global freight transportation markets, completed a follow-on offering of railcar asset-backed securities, securing long-term financing for its leasing business. read more

Amur Equipment Finance Enters Lease-to-Own Program Agreement with Side Dump Trailer Manufacturer

Amur Equipment Finance entered into an agreement to provide a lease-to-own financing program to for qualified customers of SmithCo, a side dump trailer designer and manufacturer. read more

Simpson Thacher & Bartlett Promotes McGovern to Senior Counsel, Elevates 23 Attorneys to Counsel

Law firm Simpson Thacher & Bartlett promoted Amanda H. McGovern to senior counsel for its private funds and family office practice in New York while elevating 23 other professionals to counsel across multiple disciplines, including capital markets and M&A. read more

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