News Topics

Aircraft Deals

Aviation Capital Group Closes $650MM Secured Funding Facility

Aviation Capital Group, an aircraft asset manager, closed a $650 million secured funding facility in support of its growing Aircraft Financing Solutions business. read more

Associations

ELFA Advocates for Equipment Finance Companies with SBA

ELFA President and CEO Ralph Petta submitted a letter to the U.S. Small Business Administration requesting that equipment finance companies be eligible to participate in the new Paycheck Protection Program under the CARES Act. read more

Bankruptcy

Hundreds of Celadon Trucks for Sale at Upcoming Ritchie Bros. Auctions

Ritchie Bros. was chosen to sell select trucks and trailers owned by Celadon Group, which filed for Chapter 11 bankruptcy protection in December 2019. read more

Data

Cutting Tool Orders Up 5% M/M in January

January 2020 U.S. cutting tool consumption totaled $196.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology. read more

Economy

Senate Passes $2T Coronavirus Relief Stimulus Package

The Wall Street Journal reported that the senate passed a $2 trillion package designed to provide economic stimulus in response to the coronavirus pandemic. read more

Equipment Sector

ATA Truck Tonnage Drops Slightly in February

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index was down 2% in February after increasing 2.5% in January. read more

Industry

Marlin Terminates Capital Maintenance and Liquidity Agreement with FDIC

Marlin Business Services terminated its Capital Maintenance and Liquidity Agreement with the Federal Deposit Insurance Corporation. read more

International

CSI EPC Expands to Edmonton, Announces Executive Promotions

Toronto-based CSI Electronics Processing Centre, a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by opening a facility in Edmonton, Alberta. read more

Joint Ventures

JDR Solutions Partners with LTi to Serve ASPIRE Platform Customers

JDR Solutions has strategically partnered with LTi Technology Solutions to offer servicing to their customers on the ASPIRE platform. read more

Lease Accounting

Fed, FDIC & OCC Delay CECL Adoption for Two Years

The federal bank regulatory agencies announced an optional extension of the regulatory capital transition for the new credit loss accounting standard. read more

Legal / Fraud

Greenberg Traurig Re-joins Forces with Bankruptcy Guru Zirinsky

Greenberg Traurig rejoined forces with Bruce Zirinsky, who has played a prominent role in restructurings and bankruptcies covering a broad cross-section of industries, including equipment leasing and finance. read more

Mergers / Acquisitions

Flushing and Empire Delay Merger Due to Effects of COVID-19

Flushing Financial and Empire Bancorp will delay the closing of their previously announced merger due to the severe instability and volatility in the U.S. financial and stock markets caused by the novel coronavirus (COVID-19) pandemic. read more

New Ventures

Monitor to Launch Podcast Featuring Board Commentary on Coronavirus Impact

Monitor will launch a new podcast featuring commentary from its board members offering differing viewpoints on the evolving impact of the coronavirus. read more

Of Interest

EY Survey: CFOs Rewrite Capital Strategies Due to COVID-19

Business leaders are navigating the immediate impact of COVID-19 on supply chains, revenue and profitability, while reconfiguring capital allocation and M&A plans for the post-crisis world, according to an EY survey. read more

People

Hitachi Capital America Hires Blend as Regional Controller, Technology Finance

Hitachi Capital America announced that Brian Blend joined the company as Regional Controller, Technology Finance. read more

Program Agreements

Verdant Inks LBX Vendor Program Agreement

Verdant Commercial Capital has executed a multi-year Vendor Program Agreement with LBX Company, makers of Link-Belt Excavators. read more

Recent Earnings

Chesswood Reports Record Originations of $442MM & $1B Portfolio in 2019

Chesswood Group reported its 2019 results, including record-breaking originations of $442 million and a portfolio of $1 billion. read more

Securitization

GreatAmerica Completes 19th Term Securitization

GreatAmerica Financial Services completed its 19th term securitization of $656.4 million in privately placed bonds with institutional investors. 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