News Topics

Aircraft Deals

Global Jet Capital Surpasses $3.5B in Aircraft Financing Originations

Global Jet Capital has provided more than $3.5 billion in financing to users of new and pre-owned aircraft since commencing operations in 2014.  read more

Associations

ELFA Forecasts Huge Attendance at 2023 Funding Conference

Amid the current dynamic market environment, the 2023 National Funding Conference will offer equipment finance professionals a unique opportunity to do business together. The annual conference will take place March 14-16 at the Palmer House Hilton in Chicago. read more

Bankruptcy

Commercial Chapter 11 Filings Increased by 2% in 2022

Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13% jump from the 1,263 filings recorded in 2021, according to Epiq Bankruptcy. read more

Data

Economic Activity in Services Sector Experiences Growth in January

Economic activity in the services sector grew in January after contracting in December following 30 consecutive months of growth, with the Services PMI registering 55.2%, according to the latest Services ISM Report On Business from the Institute for Supply Management. read more

Economy

Unifi Equipment Finance Surpasses $1.5B in New Originations

Unifi Equipment Finance, a provider of equipment financing solutions for small to medium-sized businesses, announced it surpassed $1.5 billion in new originations. read more

Equipment Sector

Ritchie Bros. to Showcase Insights at CONEXPO-CON/AGG

Ritchie Bros. will showcase its growing list of insights, services and transaction solutions at CONEXPO-CON/AGG, an equipment tradeshow in North America to be held in March in Las Vegas. read more

Industry

Unifi Equipment Finance Surpasses $1.5B in New Originations

Unifi Equipment Finance, a provider of equipment financing solutions for small to medium-sized businesses, announced it surpassed $1.5 billion in new originations. read more

Innovation

ELFA to Host Quarterly Innovation Roundtables in 2023

The Equipment Leasing and Finance Association will present four Innovation Roundtables in 2023. These virtual events will allow equipment finance professionals to find out what is on the minds of their peers, share ideas and discover new approaches for tackling their innovation challenges. read more

International

J.P. Morgan Plans to Expand in Greece

J.P. Morgan plans to open a new office in Athens, Greece, to support the organic growth of its businesses in the country. The office will also house a new payments innovation lab for which the firm will be hiring a payments research and development team locally. read more

Joint Ventures

Wolters Kluwer Enablon and Makersite Collaborate to Help Enterprises Reach ESG Goals

Wolters Kluwer Enablon and Makersite have partnered to help organizations manage Net Zero ambitions through decarbonizing supply chains. This involves data collection, modelling, reporting, planning, forecasting and operational execution across all three scopes of greenhouse gas (GHG) emissions. read more

Lease Accounting

LeaseQuery: Leases Return to Pre-Pandemic Levels; Costs and Liabilities Rise

According to LeaseQuery, the average number of leases companies hold has returned to or exceeded pre-COVID-19-pandemic levels. However, companies are finding that the cost and liabilities of leases are on the rise. read more

Legal / Fraud

October Chapter 11 Bankruptcy Filing Increase 2% Y/Y, Decrease 32% M/M

According to data provided by Epiq Bankruptcy, commercial Chapter 11 filings increased 2% year over year in October while decreasing 32% on a month-over-month basis. In addition, Subchapter V elections increased 28% year over year and decreased 16% month over month.   read more

Mergers / Acquisitions

BMO Completes Acquisition of Bank of the West

BMO Financial Group, and its subsidiaries BMO Financial Corp. and BMO Harris Bank, completed the acquisition of Bank of the West from BNP Paribas. read more

New Ventures

Mitsubishi HC Capital America Expands Inventory Financing Focus

Mitsubishi HC Capital America is expanding its commercial specialty vehicle financing solutions, specifically aimed at fire and emergency vehicles, wreckers and shuttle/transit buses. read more

Of Interest

New Bankruptcy Filings on the Rise Across Chapters

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, new bankruptcy filings were up year over year across Chapters 7, 11, 13 and 15 in January. read more

People

AP Equipment Financing Hires Marsh as SVP of Accounting

AP Equipment Financing hired Zack Marsh, CLFP, as senior vice president of accounting and analysis. In this role, Marsh will be responsible for managing the accounting and treasury operations of the organization including financial analysis, planning and budgeting. read more

Program Agreements

Akulaku Receives $200MM Investment from MUFG

Akulaku, a banking and digital finance platform in Southeast Asia, received a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group. read more

Recent Earnings

Mitsubishi HC Capital Achieves $2B in Financing Assets

Mitsubishi HC Capital Canada reached $2 billion in financing assets. The company reached its first $1 billion in the span of 39 years, while the next $1 billion was earned within the past four years. read more

Securitization

Marathon Asset Management Closes Inaugural Aircraft Securitization

Marathon Asset Management closed its inaugural aircraft securitization. The transaction was privately issued and resulted in the placement of $304 million of debt backed by a pool of 15 Airbus and Boeing narrowbody aircraft, leased to 10 different airlines across nine countries. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com