News

Triton Shareholders Approve Acquisition by Brookfield Infrastructure Partners

The shareholders of intermodal freight container lessor Triton International voted to approve the acquisition of the company by Brookfield Infrastructure Partners through its subsidiary, Brookfield Infrastructure Corporation, and its institutional partners at a special general meeting of shareholders. read more

North Mill Equipment Finance Places in Inc. 5000 for First Time

North Mill Equipment Finance earned a spot on the Inc. 5000, Inc.’s annual list of fastest growing private businesses in the U.S. A first-time honoree, North Mill was ranked No. 1,598 based on its three-year revenue growth rate of 354%. read more

ELFA to Host Webinar on Building Inclusive Workplaces on Aug. 30

The Equipment Leasing and Finance Association’s Equity Committee will host a webinar focused on fostering a more inclusive workplace on Aug. 30 at 1 p.m. ET. read more

WSFS Financial Names Bacci Interim CFO

WSFS Financial named Arthur J. Bacci interim CFO, adding to his current role as executive vice president and chief wealth officer. Bacci will replace Dominic C. Canuso, WSFS’ former CFO, whose employment with WSFS will end on Aug. 31. read more

Inflation Takes Toll on Employee Financial Stress, Productivity

According to PNC Bank’s inaugural survey about financial wellness in the workplace, seven in 10 employees said they experience stress related to their personal finances. Inflation is a key factor, with 90% of those surveyed saying that they are being negatively affected by inflation. read more

Synchrony Introduces New Structure to Streamline Equipment Purchases

Synchrony unveiled its All-in Advance Structure, which is designed to make purchasing powersports and other outdoor equipment faster and easier. read more

Griffin Global Asset Management Delivers Airbus A320neo to JetSMART Airlines

Griffin Global Asset Management delivered a third Airbus A320neo to JetSMART Airlines, a ultra low-cost carrier in South America. This aircraft is the fourth of a mandate of nine A320neo family aircraft to be delivered to JetSMART Airlines. read more

HSBC Innovation Banking Expands Venture Debt Offering

HSBC Innovation Banking, a business division with services provided by HSBC Bank USA and its affiliates, expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises. read more

U.S. Bank Announces Leadership Changes

U.S. Bank announced that Terrance Robert Dolan and John Stern will assume new roles on Sept. 1, with Dolan becoming vice chair and chief administration officer to oversee the company’s combined chief administration office, while Stern will become senior executive vice president and CFO. read more

Leasepath Earns Spot on Inc. 5000 for Second Straight Year

Inc. revealed that Leasepath ranked in the top half of the 2023 Inc. 5000, the publication’s annual list of the fastest-growing private companies in the U.S. This is the second year in a row that Leasepath has made the list, moving up from No. 3,404 in 2022 to No. 2,421 this year. read more

First Citizens Bank Arranges $400MM Credit Facility for Alex Lee

First Citizens Bank served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee, an owner of wholesale food distribution and retail grocery store brands. read more

Peapack Private Hires Li as Senior Managing Director & Commercial Private Banker

Ling Li joined Peapack Private’s commercial banking team as a senior managing director and commercial private banker. Li has more than 20 years of financial services experience. Most recently, she served as senior vice president and group director at Signature Bank. read more

Encina Lender Finance Closes Credit Facility for Great Elm Healthcare Finance

Encina Lender Finance closed an inaugural senior credit facility for Great Elm Healthcare Finance, a Nashville, TN-based provider of financing for healthcare operators. read more

BOC Aviation to Lease 10 Airbus A320neo Aircraft to IndiGo

BOC Aviation entered into a finance lease transaction involving 10 Airbus A320neo aircraft with InterGlobe Aviation (IndiGo). The aircraft are all powered by CFM LEAP-1A engines. All 10 aircraft are scheduled to deliver this year. read more

Utica Equipment Finance Completes $2.6MM Capital Lease for Transportation Company

Utica Equipment Finance completed a $2.6 million capital lease secured by multi-passenger and delivery vans for a company that operates out of seven U.S. cities and engages in corporate and government long-term rental contracts. read more

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