F&P Finance mulls future of Equipment Finance unit after year of restructuring

Tue, 31 Mar 2015

By Jonathan Underhill April 1 (BusinessDesk) - Fisher & Paykel Finance, the finance company owned by China's Haier Group, may transfer its Equipment Finance Ltd (EFL) unit to its immediate parent in a further restructuring of the charging group after changes including the start of a securitisation programme last year. The proposal to move EFL, whose receivables were valued at $25.9 million at Dec. 31, outside of the company's charging group is detailed in the prospectus for the sale of up to $300 million of secured deposits. The charging...

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