News Topics

Aircraft Deals

Avolon Celebrates the World’s First A330neo Delivery to TAP Airlines

Avolon celebrated the delivery of the world’s first Airbus A330neo to TAP Airlines. read more

Associations

ELFA Launches “MySEFA” Personalized Data Tool

The Equipment Leasing and Finance Association released an innovative new data visualization tool for equipment finance companies called MySEFA. read more

Economy

Phoenix Lending Survey: Confidence in U.S. Economy Deteriorating

Phoenix Management’s Q4/18 “Lending Climate in America” Survey showed deteriorating confidence in the strength of the U.S. economy with a significant increase in loan losses and bankruptcies. read more

Equipment Sector

ACT For-Hire Trucking Index: Volume Drops to Lowest Level in 27 Months

ACT’s For-Hire Trucking Index showed the Volume Index dropping into negative territory, at 48.1, in November, for the first time in 27 months. The supply-demand balance turned down even further, hitting 45.2 on a seasonally-adjusted basis. read more

Industry

J.D. Power: Huntington Small Business Customers Are Most Satisfied

Customers again ranked Huntington the highest for overall satisfaction in the Midwest Region for two of the past three years, according to the 2018 J.D. Power U.S. Small Business Banking Satisfaction Study. read more

International

NIB & Srei Equipment Finance Launch Leasing Facility in India

The Nordic Investment Bank and Srei Equipment Finance have agreed on a loan program for financing the acquisition or leasing of industrial equipment. read more

Joint Ventures

Under Par Finance, Taycor Partner Up to Expand Canadian Access

Under Par Finance, a Canadian equipment leasing and financing originator that specializes in servicing the golf industry, entered into a strategic partnership with Taycor Financial. read more

Lease Accounting

FASB Issues Narrow-Scope Improvements to Accounting for Lessors

The Financial Accounting Standards Board issued an Accounting Standards Update expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. read more

Legal / Fraud

Moritt Hock & Hamroff Welcomes Corey & Lopez

The law firm of Moritt Hock & Hamroff LLP with offices on Long Island and in New York City announced that Alex D. Corey and Joan B. Lopez have joined the firm. read more

Mergers / Acquisitions

Macquarie to Acquire Waypoint Leasing Assets for $650MM

Waypoint Leasing Holdings entered into an agreement to be purchased by Macquarie Group for approximately $650 million. read more

New Ventures

OnDeck Enters Equipment Financing Market; Hires Key EF Vet to Lead

OnDeck will offer equipment finance loans in 2019. The online small business lender hired Key Equipment Finance veteran Mark Erickson to lead. read more

Of Interest

WSJ Live Call Will Delve “Inside the Decline of GE”

In a follow up to its in-depth article, “GE Powered the American Century—Then It Burned Out,” the Wall Street Journal will hold a live call today with the journalists behind the story. read more

People

City National Bank Promotes Adair to Lead Franchise Finance Group

Adair will continue City National’s long history of service to the franchise finance industry. read more

Program Agreements

NEC Financial Services to Provide Financing to TraknProtect Customers

NEC Financial Services entered a relationship with TraknProtect to provide help its customers finance employee safety investments. read more

Recent Earnings

Deere Q4 Earnings Skyrocket 54%

Deere reported reported Q4/18 net income of $784.8 million, an earnings increase of 54%. Net sales rose 18% to $8.3 billion. read more

Securitization

DLL Closes $1B+ Securitization; Largest U.S. Deal in Recent History

DLL announced the closing of DLL 2018-2 ABS securitization transaction in the U.S. exceeding $1 billion. This is the largest equipment deal in the recent history in U.S. markets. read more

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Terry Mulreany
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