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January 11, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Bombardier doubles size of debt offering to $2B
    Bombardier has doubled the size of its debt offering to $2 billion. The company cited strong market demand. The move is a turnaround from two months ago, when it had to pull a $1 billion issue. Reuters (1/10) LinkedInFacebookTwitterEmail this Story
  • Caterpillar launches 2 new facilities in China
    Caterpillar says it has opened two new facilities in China to support its operations and expand market presence. "Caterpillar takes a long-term view of the market in China, and our focus on product development here will enable our strategy to win in China," said Steve Wunning, the company's group president who handles resource industries. American City Business Journals/Milwaukee (1/10) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  Government & Regulatory 
  • CFTC to hold meeting on futurization
    The Commodity Futures Trading Commission plans to hold a meeting on Jan. 24 to hear complaints that new rules unfairly favor futures over swaps, CFTC member Scott O'Malia says. The CFTC also is considering a block-trade rule that could accommodate some of the industry concerns, O'Malia said. Reuters (1/10) LinkedInFacebookTwitterEmail this Story
  • FBI doggedly pursues Libor cases -- from Washington, D.C.
    The FBI's Washington, D.C., field office is driving the U.S. investigation into the London Interbank Offered Rate scandal and other benchmark rigging. "We've got an enormous amount of resources devoted to this," said Timothy Gallagher, head of the Washington criminal division, who is overseeing the probe. "People think that financial fraud is pursued in New York, but we're pursuing it vigorously here," Gallagher said. "There's more than enough to go around." Bloomberg (1/10) LinkedInFacebookTwitterEmail this Story
  • ECB stiffens collateral rules
    The European Central Bank is responding to issues in France and Spain by ramping up control of how collateral from private lenders is accepted by national central banks. "We take these incidents very, very seriously," ECB President Mario Draghi said. "We've decided to create a data-quality compliance network and an ECB unit that are responsible for, first monitoring the data quality, by performing regular checks and reports and prompting improvements in national-central-bank processes and procedures, internal controls as well." Bloomberg (1/10) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • CIT Group provides project, recapitalization finance
    CIT Group has arranged a $24 million senior secured credit facility for a solar project at Joint Military Base McGuire-Dix-Lakehurst. CIT also arranged and syndicated $199 million in senior secured credit facilities to recapitalize BarrierSafe Solutions International in its acquisition of ONGUARD Industries. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • What's hot, what's not in equipment leasing and finance? Find out at ELFA Equipment Management Conference
    One of the highlights of the ELFA Equipment Management Conference, Feb. 24-26 at the Grand Hyatt Tampa Bay in Tampa, Fla., is the comprehensive assessment of equipment trends provided by Carl Chrappa, president, Independent Equipment Company. During his "What's Hot, What's Not" presentation, Carl will provide insights into various equipment markets with an emphasis on regulation, legislation, technology, valuation issues and various current and future residual challenges and opportunities. He'll answer such questions as: Given current market conditions, what are the best equipment types to lease or finance? Where is the greatest risk? What types of equipment should be avoided and why?

    Get the complete agenda and register and make your hotel accommodations before the Feb. 1, 2013 cutoff date. LinkedInFacebookTwitterEmail this Story
  • Take funding to new heights: Become a funding source exhibitor at the 2013 ELFA National Funding Conference
    Calling all funding sources! Become an exhibitor at the largest gathering of equipment leasing and finance professionals in search of your capital! The ELFA National Funding Conference, now in its 25th year, has become the premier event providing funding sources with the best platform to meet and do business with diverse companies across the industry. ELFA is expecting record attendance at this year's event, which is scheduled April 9-11 at the Fairmont Hotel in Chicago. To receive complete information about becoming an exhibitor and to register, please go here: LinkedInFacebookTwitterEmail this Story
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The most valuable of all talents is that of never using two words when one will do."
--Thomas Jefferson,
3rd U.S. president

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