2022 equipment ABS volume increased 14% YoY
Equipment asset-backed securities issuance volume in 2022 outpaced the last three years as the structured finance segment continues its growth trajectory. Equipment ABS volume landed at $22.3 billion, an increase of 14% YoY, according to JPMorgan Securities. By comparison, volumes landed
Ocala Tractor’s Steve Spivey joins Equipment Finance Connect
Steve Spivey, director of finance at Ocala Tractor, will join the panel discussion “Positioning F&I for Success in the Coming Year” on Monday, Feb. 27, at 1:15 p.m. ET at the Westin Charlotte during the Equipment Finance Connect event. Equipment Finance
Digital ecosystems critical to asset finance’s future
Building new digital ecosystems is key to meeting the future needs of the asset finance industry. Systems built through the collaboration of companies rather than by individual organizations offer an opportunity to deliver the best technology possible, according to the report
Equipment Finance Confidence Index rebounds from 2-year low
After reaching a two-year low in November, confidence is up among executives in the equipment finance industry. The Monthly Confidence Index for the Equipment Finance Industry — which assesses current conditions and future expectations from executives in the equipment finance sector
H&E Equipment Services to sell Komatsu earthmoving distributorship
H&E Equipment Services is set to sell its Komatsu earthmoving distribution business to Houston-based Waukesha-Pearce Industries (WPI), furthering H&E’s move to focus on its rental business. The value of the deal, which is expected to close by the end of the
Equipment ABS net losses inch up in October
Credit performance in the equipment asset-backed securities (ABS) market was mixed in October as annualized net losses ticked up and 60-plus-days delinquencies dropped across all publicly rated equipment ABS deals. Annualized net losses in Kroll Bond Rating Agency’s Equipment Loan &
CIT supplies Utopia Deals with $35M revolving credit facility
CIT’s asset-based lending business has inked an agreement with global retailer Utopia Deals to supply the company with a $35 million revolving credit facility. CIT, a division of First Citizen’s Bank, is providing Plainview, New York-based Utopia Deals with working capital
Trinity Capital enters joint venture with specialized credit manager
Trinity Capital has entered into a joint venture agreement with an unnamed specialist credit manager with more than $5 billion in assets to provide loans and equipment financing to growth-stage companies. The joint venture, called i40, will be co-managed by Trinity and
CIT director Harold Ray to join fireside chat at Equipment Finance Connect
Harold Ray, director of the industrial finance division at CIT, is set to take the stage for a fireside chat to discuss the state of the equipment finance industry amid a rising interest rate environment and inflationary pressures at Equipment
Equipment finance new business volume up 6%
Overall new business volume in the equipment finance sector in October jumped 6% year over year and 11% month over month to $11.3 billion despite rising interest rates and the expectation of a forthcoming recession. Year to date, cumulative new business