Tag : Finance business

United Community Banks, Inc. Announces Completion of Sale of Navitas Equipment Finance Business to Funds Managed by Wafra Inc.
Banking Finance News

United Community Banks, Inc. Announces Completion of Sale of Navitas Equipment Finance Business to Funds Managed by Wafra Inc.

GlobeNewswire
by GlobeNewswire0
United Community Banks, Inc. (NYSE: UCB) (“United”) today announced the completion of the previously announced sale of its equipment finance business, consisting of Navitas Credit Corp. and NLFC Reinsurance Corp. (collectively, “Navitas”), to funds managed by Wafra Inc., acting through Navitas TopCo LLC (“Wafra”) for approximately $2.0 billion in cash1 (the......
Elevex Capital Launches Multi-Vertical Floor Plan Finance Platform, Powered by Vero Technologies
Finance News

Elevex Capital Launches Multi-Vertical Floor Plan Finance Platform, Powered by Vero Technologies

Cision PRWeb
by Cision PRWeb0
Committed, technology-enabled wholesale inventory finance for equipment dealers across construction, agriculture, material handling, trucks, marine and powersports, and rental and fleet — live now on Vero’s Lending-as-a-Service platform Elevex Capital, LLC (“Elevex”), a specialty commercial equipment finance company, today announced the launch of its floor plan finance platform, a purpose-built,......
United Community Banks, Inc. Announces Agreement to Sell Equipment Finance Business, Consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to Funds Managed by Wafra Inc.
Banking Finance News

United Community Banks, Inc. Announces Agreement to Sell Equipment Finance Business, Consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to Funds Managed by Wafra Inc.

GlobeNewswire
by GlobeNewswire0
United Community Banks, Inc. (NYSE: UCB) (“United”) today announced the execution of a definitive agreement to sell its equipment finance business, consisting of Navitas Credit Corp. and NLFC Reinsurance Corp. (collectively, “Navitas”), to funds managed by Wafra Inc., acting through Navitas TopCo LLC (“Wafra”) for $1.9 billion in cash1 (the “Transaction”).......
Finastra Partners With Credable to Deliver a Holistic Supply Chain Finance Offering to Banks Globally
Finance Fintech News

Finastra Partners With Credable to Deliver a Holistic Supply Chain Finance Offering to Banks Globally

PR Newswire
by PR Newswire0
Finastra Trade Innovation, integrated with CredAble’s supply chain finance platform, enables banks to grow their trade and supply chain finance business and deliver enhanced customer experiences Finastra, a global provider of financial software applications and marketplaces, announced its partnership with CredAble, a working capital finance platform, to expand the functionality......
Huntington Adds Fund Finance Banking Team to Bolster Its Commercial Banking Offerings
Banking Finance News

Huntington Adds Fund Finance Banking Team to Bolster Its Commercial Banking Offerings

PR Newswire
by PR Newswire0
The Huntington National Bank announced the addition of a fund finance banking team to support its sponsor finance business within the Commercial Bank. The 10-person team will significantly boost Huntington’s capabilities by providing strategically important financing directly at the fund level and expanding coverage across the sponsor ecosystem. The team, led by......
Santander Bank Offering Healthcare Equipment Financing as Part of Commercial Finance Expansion
Finance News

Santander Bank Offering Healthcare Equipment Financing as Part of Commercial Finance Expansion

Fintech News Desk
by Fintech News Desk0
Santander Bank, N.A. announced the expansion of its Commercial Equipment and Vehicle Finance business to include commercial equipment financing to healthcare organizations. The new, nationwide offering will provide financing for state-of-the-art medical technology and equipment to hospitals and health systems, out-patient clinics, and specialized providers. “Our approach will mirror industries......
CIT Increases Financing for FOX Rehabilitation by $50 Million
Banking Finance News

CIT Increases Financing for FOX Rehabilitation by $50 Million

Fintech News Desk
by Fintech News Desk0
CIT, a division of First Citizens Bank, announced that its Healthcare Finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. “Latest Fintech News: PalmPay Hits 10 Million User Milestone in Nigeria The original financing was developed in connection with FOX’s acquisition by Blue Wolf Capital......
CIT Arranges $67.5 Million Financing for Acquisition and Expansion of Surgical Hospital and Adjacent Medical Office
Banking News

CIT Arranges $67.5 Million Financing for Acquisition and Expansion of Surgical Hospital and Adjacent Medical Office

Fintech News Desk
by Fintech News Desk0
CIT, a division of First Citizens Bank, announced that its Healthcare Finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane market region. Latest Fintech News: Asure Announces Integration with PrismHR to Deliver Payroll Tax Filing System......
Mountain Ridge Capital Announces Launch of Commercial Finance Business with Backing from Arena Investors
Finance News

Mountain Ridge Capital Announces Launch of Commercial Finance Business with Backing from Arena Investors

Fintech News Desk
by Fintech News Desk0
Mountain Ridge Capital (“MRC”), an asset-based commercial finance company, announced its official launch. Strategically backed with equity from Arena Investors, LP (“Arena Investors”), Mountain Ridge Capital is focused on originating, underwriting and managing asset-based commercial loans from $5 million to $30 million in commitment size. Latest Fintech News: Designstripe Raises $10MillionFrom Insight Partners and Silicon......
Payfor How a Financial Specialist Co is saving thousands of SMEs from closing
Digital Payments News

Payfor How a Financial Specialist Co is saving thousands of SMEs from closing

Fintech News Desk
by Fintech News Desk0
The burgeoning financial crisis plaguing consumers and small businesses, is causing a severe cash-flow problem. It’s an extremely worrying picture and, unfortunately, things do not look like they will get better anytime soon. Latest Fintech News: Pinwheel Furthers its Commitment to Providing Best-in-Class Security and Compliance for Income Data by......
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