Monitor - November/December 2011

ATEL Capital Announces
ATEL 15 Fund
On October 28, the
SEC declared effective
ATEL 15, a fund formed
to invest primarily in
a diversified portfolio
of low-tech equipment
leased to investment-
grade U.S. corporations.
ATEL 15 will raise
$150 million of equity
and acquire a $300
million-plus portfolio of
equipment and other
assets. ATEL 15 is ATEL
Capital Group’s 21st
syndicated program,
including 13 prior
public programs.

GE Healthcare Provides
Over $5B Through Q3
GE Capital, Healthcare
Financial Services
financed over $5
billion in the first nine
months of 2011 in over
130 transactions to
healthcare customers,
serving clients in over
40 sub-sectors including
healthcare services,
pharmaceuticals,
medical devices and
senior housing.

Hertz Acquires Offshore Equipment Rental Biz Hertz Equipment Rental acquired Delta Rigging & Tools’ offshore equipment rental division based in New Iberia, LA, expanding its oil and gas customer base into the offshore market.

Survey: 54% Unaware of
Lease Accounting Changes
According to research
from Grant Thornton’s
International Business
Report, 54% of global
businesses are not aware
of the virtual elimination
of off-balance sheet
leases. Awareness of
the change was greatest
in the U.S. (69%),
Mexico (68%) and Chile
(63%), and was lowest
in mainland China (5%),
Denmark (8%) and Turkey
(13%). The survey of
2,800 businesses globally
was completed in early
September 2011.

Growth, Risk Return
for Equipment Leasing
Industry
According to PayNet,
the recent Thomson
Reuters PayNet Small
Business Lending Index
shows businesses served
by equipment leasing
companies are poised to
be the growth engine to
keep the U.S. economy
out of a double dip
recession. The index,
which measures the
amount of borrowing
activity by millions of
small businesses, marks
a rapid expansion rising
28% in May and 25%
in June from the same
months a year earlier.
Equipment defaults
will improve overall
to 2.9% by year-end
2011. Improvement
will be seen in all major
equipment types.

TAB Bank Provides $1MM to Global Sweeping Solutions TAB Bank provided Global Sweeping Solutions, a street sweeper parts distribution company, a $1 million lending facility to facilitate growth and expansion into other markets and business opportunities.

Key EF, BB&T Arrange
$60MM Facility
Key Equipment Finance
and Branch Banking and
Trust served as joint lead
arrangers and managing
agents in an amended
credit agreement with
Gladstone Business
Investment to expand its
revolver to $60 million.
BB&T is administrative
agent. The credit facility
may be expanded up to
$175 million through
the addition of other
committed lenders to
the facility.

Hitachi Selects White Clarke Floorplan System Bill Besgen, president of Hitachi Capital America (HCAC), announced the implementation of White Clarke’s CALMS2 Compass Floorplan Finance System to be used in HCAC’s growing truck floorplan finance business.

Volvo Rents Acquires
Equipment Rental Company
Volvo Rents acquired
Papé Rents, a single
location construction
equipment rental
company in Phoenix, as
it continues to grow its
network of company-
owned stores. The
acquisition marks the
fifth Volvo Rents store
in Arizona and first in
Phoenix. The other rental
centers are located in
Eloy, Miami, Thatcher
and Tucson.

TD Ameritrade Lists
Financial Equipment
Leasing Fund
Global Financial and
Remarketing Services,
an equipment leasing
and alternative financial
solutions firm, said that
TD Ameritrade approved
GFRS Equipment Leasing
Income Fund II. This
approval provides
wealth management
advisors and non-
affiliated registered
investment advisors the
ability to place GFRS
Fund II into their clients’
investment portfolios.

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