News Topics

Aircraft Deals

Stratos Delivers Converted A330-300 Freighter to MNG Airlines

Stratos has delivered a converted A330-300 freighter to MNG Airlines, further supporting the airline’s expanding global cargo network. read more

Associations

Equipment Finance Activity Rebounds in February, But Financial Conditions Remain Mixed

New business volumes increased last month as demand recovered, though credit losses rose and industry confidence slipped, according to data from the Equipment Leasing and Finance Association. read more

Bankruptcy

Commercial Chapter 11 Bankruptcies Drop 42% in February; Total Filings Rise 3%

Despite a sharp 42% drop in commercial Chapter 11 bankruptcies in February, total filings ticked up 3%, driven by rising individual bankruptcies amid economic pressures. read more

Data

Easing Rates and Infrastructure Push Spark Growth Opportunities in EaaS Sector

With interest rates falling and infrastructure spending on the rise, Equipment-as-a-Service companies are poised for expansion, despite a slowdown in deal volume, according to a recent report from Houlihan Lokey. read more

DE&I

5 Takeaways from ELFA’s Webinar on Building Inclusive Workplaces

The Equipment Leasing and Finance Association’s recent webinar, “Building Inclusive Workplaces: You’ve successfully recruited a diverse workforce, now what?” focused on an exploration of diversity, equity and inclusion principles. read more

Economy

White House Scales Back Scope of April 2 Tariffs, Focuses on Targeted Trade Partners

Sector-specific tariffs on industries like autos and semiconductors are off the table for now, but the White House still plans sweeping reciprocal levies against top trading nations. read more

Equipment Sector

North American Class 8 Truck Orders Drop 35% in February Amid Economic Uncertainty

ACT Research reported sharp year-over-year declines in heavy-duty truck orders as market conditions weigh on fleet investments. read more

Industry

Easing Rates and Infrastructure Push Spark Growth Opportunities in EaaS Sector

With interest rates falling and infrastructure spending on the rise, Equipment-as-a-Service companies are poised for expansion, despite a slowdown in deal volume, according to a recent report from Houlihan Lokey. read more

Innovation

Northteq Explores Automation’s Impact on Equipment Finance in New White Paper and Webinar

A new white paper from Northteq examines how automation is changing equipment finance, reducing loan processing times, and improving efficiency. An upcoming webinar on March 3 will bring together industry experts to discuss document automation challenges and solutions. read more

International

Société Générale Agrees to Sell Equipment Finance Business to BPCE for $1.18B

Société Générale signed a memorandum of understanding with French banking company Group BPCE for the divestment of its equipment finance business for a purchase price of €1.1 billion ($1.18 billion). read more

Joint Ventures

Consult Disrupt Expands Service Offerings with PEQ Performance Consulting Partnership

A new partnership between Consult Disrupt and PEC Performance brings executive coaching and team development programs to the equipment finance industry. read more

Lease Accounting

LeaseAccelerator & EY Lease Accounting Survey: ROI in Focus

Results from the 2023 Global Lease Accounting Survey conducted by LeaseAccelerator, in collaboration with Ernst & Young, highlighted a post-compliance push for return on investment. read more

Legal / Fraud

CFPB Extends Compliance Dates for Section 1071

The Consumer Financial Protection Bureau (CFPB) issued an interim final rule to extend compliance deadlines for the small business lending rule. The recent interim final rule follows the recent Supreme Court decision in CFPB v. CFSA. read more

Mergers / Acquisitions

North Mill Equipment Finance Receives Court Approval to Acquire Pawnee Leasing & Tandem Finance

North Mill Equipment Finance has secured approval from the U.S. Bankruptcy Court for the District of Delaware to acquire the assets of Pawnee Leasing and Tandem Finance, with the deal expected to close by the end of March. read more

New Ventures

Insight Investments Launches Leasing Firm for Fitness Equipment, Led by Vecker

Insight Investments has launched Insight Capital Finance, a new business unit dedicated to providing innovative leasing solutions to the fitness, healthcare and wellness markets. To lead this initiative, Insight Investments has appointed Paul Vecker as Executive Vice President of Insight Investments, and President of ICF. read more

Of Interest

Apricus Generation Secures $30MM Credit Facility from Atlantic Union for Solar, Battery Projects

The financing deal with Atlantic Union Bank will help the Miami-based firm scale up its clean energy development efforts across the U.S. read more

People

PLM Fleet Appoints Jacobs VP of Technology and Customer Solutions

PLM Fleet appointed Brad Jacobs as vice president of technology and customer solutions, where he will oversee technology, IT, marketing, and personalized customer solutions. read more

Program Agreements

TFS Financial Partners With Beautifi to Expand Medical Equipment Financing

TFS Financial and Beautifi have joined forces to provide medical clinics and practitioners with flexible financing solutions for high-cost equipment, marking TFS’s expansion into the healthcare sector. read more

Recent Earnings

Wintrust Posts Record Earnings, Showcasing Strong Equipment Finance Performance

Wintrust Financial achieved record net income of $695 million in 2024, with standout growth in its equipment finance and specialty finance units, driven by an 8% annualized loan increase and strong credit quality. read more

Securitization

Verdant Commercial Capital Gains Moody’s Credit Rating Upgrade on Three Classes of ABS Notes

Verdant Commercial Capital received a credit rating upgrade from Moody’s Ratings on three classes of equipment asset-backed securities notes sponsored by Verdant Receivables 2023-1 LLC (VERD 2023-1). read more

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Terry Mulreany
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