News Topics

Aircraft Deals

SMBC Signs Deal for A321neo Aircraft with Scoot

Aircraft lessor SMBC Aviation Capital signed its first deal with new customer Scoot, the low-cost arm of Singapore Airlines. The transaction involves the placement of six new Airbus A321neo aircraft. read more

Associations

Dawson to Join NEFA as Marketing Director

Blair Dawson will join the NEFA team as the association’s new Marketing Director. read more

Bankruptcy

Celadon to Declare Bankruptcy; Could Leave Thousands of Drivers Stranded

According to Business Insider, Celadon Trucking plans to file for bankruptcy by December 11. It would potentially be the largest truckload bankruptcy in history. read more

Economy

Citi Outlook 2020: Global Growth Can Endure Over the Coming Year

Citi Private Bank released its Outlook report for 2020, which asserts that global economic growth can endure through 2020. read more

Equipment Sector

U.S. Demand for Medical Equipment & Supplies to Grow 3.9% Yearly to 2023

Rising spending on medical services, driven by an aging population, will boost sales of related equipment, according to Freedonia Focus Reports. read more

Industry

New ELFF Report Examines Digitalization in the Equipment Finance Industry

The value and long-term significance of digitization is pervasive within the equipment finance industry but still in its early stages, according to a new study from the ELFF. read more

International

CIFA Partners with DLL to Develop New Financing Solutions in Europe

CIFA and its captive finance company Zoomlion Capital launched a new range of financial services aimed at increasing its market presence in Europe. The new offering was developed in partnership with DLL. read more

Joint Ventures

Inovatec Systems Partners with Inverite to Increase Efficiency

Inovatec Systems, a provider of cloud-based software solutions for financial institutions, and Inverite Verification entered into a strategic partnership to increase operational efficiencies for lenders. read more

Lease Accounting

LeaseAccelerator Publishes Analysis of SEC Comment Letters on ASC 842

LeaseAccelerator released an analysis of SEC Comment Letters related to ASC 842 lease accounting and disclosures. read more

Legal / Fraud

MHH Makes U.S. News & World Report Best Law Firms List

Moritt Hock & Hamroff has been ranked in the 2020 U.S. News & World Report and Best Lawyers "Best Law Firms" list nationally in one practice area and regionally in two practice areas. read more

Mergers / Acquisitions

Alta Equipment & B. Riley Announce Merger

The combined company will become a publicly traded equipment dealership platform valued at approximately $550 million. read more

New Ventures

WSFS Bank Launches Enhanced Website, Messaging App

WSFS Bank has launched a new website intended to provide current and prospective WSFS customers with an improved experience, including user-friendly navigation and an enhanced content library. read more

Of Interest

AP Donates to 20 Charities for Giving Tuesday 2019

Equipment financier AP Equipment Financing participated in Giving Tuesday with donations to 20 local charities. read more

People

Dodge Joins First Financial as Regional VP

First Financial Corporate Services hired Steve Dodge as regional vice president based in Chicago. read more

Program Agreements

Oakmont Capital and Pettibone Partner to Expand Financing Options

Oakmont Capital Services and Pettibone have created a partnership to make equipment financing fast, simple, and easy for its dealer network. read more

Recent Earnings

TD Bank Reports $2.2B in Earnings for Q4/2019

For the fourth quarter of 2019, TD Bank reported earnings of C$2.9 billion ($2.2 billion), down 4% on a reported and down 3% on an adjusted basis, compared with the same quarter last year. read more

Securitization

North Mill Equipment Finance Closes $164MM Securitization

North Mill Equipment Finance closed its third commercial equipment asset backed securitization, NMEF Funding 2019-A, at $164 million. read more

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Terry Mulreany
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