Today’s News

Amur Issues $250.9MM in Notes in Sixth Term Securitization

Amur Equipment Finance completed its sixth term securitization and second securitization this year. A total of $250.944 million in rated securities secured by equipment leases and loans originated by AmurEF were issued. read more

ECN Capital Sells 55% of Rail Finance Portfolio to Trinity Affiliates

ECN Capital closed the sale of Element Rail Leasing I to affiliates of Trinity Industries Leasing Company on previously announced terms. read more

U.S. Bancorp Reports Record Q3 Revenue, Earnings & EPS

U.S. Bancorp reported record Q3 net revenue, earnings and EPS and noted performance was driven by “strong underlying momentum” in each business line. read more

Encina Provides $35MM Credit Facility to Trucking Company

Encina Business Credit and Encina Equipment Finance provided a $35 million senior secured credit facility to a medium- and long-haul trucking company. read more

KeyCorp Reports Q3 Earnings Up 34% Year/Year

KeyCorp reported its Q3/18 net income of $468 million was up 34% from $349 million for the same period in 2017. read more

ELFF: Industry on Sound Footing for Future Growth

According to a new ELFF study, the equipment finance industry posted a solid year of growth in 2017, and recent data suggests the industry is likely to repeat or improve on that trend in 2018. read more

KBRA Provides Overview of Aircraft Leasing Sector

Kroll Bond Rating Agency released its 2018/2019 overview of the aircraft leasing industry and notes it expects a “highly competitive landscape in the aircraft leasing business.” read more

ACT: September NA Class 8 Orders Down Sequentially, Up Y/Y

According to ACT Research, NA Class 8 net orders totaled 42,781 units in September, a 19% decline from August’s all-time record, but the seventh time this year industry orders cracked 40,000 units. read more

ELFA Announces New Board of Directors, Jud Snyder Named Chairman

The ELFA announced its new board of directors during its 57th Annual Convention. Jud Snyder, president of BMO Harris Equipment Finance, will serve as the chairman of the board, while Martha Ahlers, president of United Leasing & Finance, will be chairman-elect. read more

Balboa Capital Becomes Approved Lender for Massage Envy Franchise Owners

Balboa Capital will now be recognized by Massage Envy as an approved lender for its franchise owners throughout the U.S. read more

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Terry Mulreany
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