Fifth Third Bank

Fifth Third Bank
Equipment Finance Capital Markets
6111 N. River Road
Rosemont, IL 60018
847.653.2000
http://www.53.com/EquipmentFinance

Contact Information

Scott Kiley, SVP | EF Capital Markets Group Head
513-534-3701
Scott.Kiley@53.com

Brian Griffin, SVP | Lease Banking Group Head
847-653-1874
brian.griffin@53.com

Caren Evers, VP | Paying Agent
847-653-2156
Caren.Evers@53.com

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INSTITUTIONAL BANK LESSOR SERVICES:

Our Equipment Finance Capital Markets professionals, who average 25 years’ experience, can effectively meet your indirect originations and syndication goals with:

  • Acquisition of single investor transactions from institutional sources.
  • Syndication of expertly structured financing provided directly to middle market and large corporate companies throughout the U.S.

INDEPENDENT LEASING COMPANY SERVICES:

Our Lease Banking team offers a mix of financing solutions to help independent leasing companies meet their goals, including

  • Flexible and competitive debt financing, working capital, efficient treasury management services and responsive client service.
  • Non-recourse fixed rate loans secured by the leased equipment and an assignment of the underlying lease contract and rentals due between the lessor and lessee
  • Selectively partner with leasing companies as an equity investor in leases and provide warehouse lines on a full recourse basis.
  • Fifth Third Paying Agent service to manage multiple payments to multiple parties by way of a single payment while enhancing the speed, accuracy and security of collections and disbursements.

Fifth Third Equipment Finance is a division of Fifth Third Bank, National Association, and a national equipment finance and leasing provider. Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank. As of June 30, 2020, the bank had $203 billion in assets. Fifth Third Bank, National Association. Member FDIC

CREDIT QUALITY FOR BOTH GROUPS: Investment Grade or Equivalent, Near Investment Grade, S&P/Moody’s double BB- or equivalent for privately held companies; single B credits considered with publicly held co.’s; strong collateral.

General Information

Funding Information

Company Type

  • Bank

In Business Since

  • 1858

Trade Associations

  • ELFA

Funding Source Type

  • Lender

Source of Funds

  • Internal

Annual Funded Volume

  • In excess of $1 Billion

Transaction Profile

Deal Size Range

  • $1MM - $15MM Lease Banking
    $3MM - $30 MM Institutional

Average Deal Size

  • $3MM Lease Banking
    $8MM Institutional

Term

  • Lease Banking Terms: 3-6 Years; Other terms considered
    Institutional Terms: 3-10 Years; Other terms considered

Products Offered

  • Discounting
  • Equity Participation
  • Finance Lease
  • FMV
  • FMV wEBO
  • Paying Agent Services
  • Progress Payment Funding
  • Split-Trac
  • TRAC
  • Synthetic Leases
  • Non-Recourse Debt Discounting

Scope of Geographic Activity

  • National
  • Paying Agent Service also offered in Canada

Transaction Preferences

Equipment Categories

  • Computer Related
  • Construction
  • Energy Related
  • Food Distribution/Processing
  • Industrial/Manufacturing
  • Machine Tool
  • Marine
  • Materials Handling
  • Medical/Dental
  • Office Equipment
  • Software/Hardware
  • Telecommunications
  • Trucks and Trailers

Credit Quality

  • Investment Grade or Equivalent
  • Near Investment Grade
  • B Quality for large cap companies and strong collateral

Special Services

  • Equity Investor
  • Residual Sharing
  • Paying Agent Online Payment Processing Service

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