Tagged With "PEAC"

Xerox secures funding for lease division entered a Forward Funding Agreement with PEAC Solutions of New Jersey will be used to drive growth in Xerox’s FITTLE finance business

Sep 14, 2023 — Corporate Norwalk, Conn. — Xerox Holdings Corporation (NASDAQ: XRX) and PEAC Solutions have expanded their partnership for the provision of certain leasing and financial services programs to Xerox’s FITTLE network of independent dealers and resellers. The FITTLE business and Xerox™ Financial Services (XFS) will return to captive lenders as the company focuses on core capabilities and offerings including print, IT and digital services. FITTLE and XFS will continue to offer...

Xerox to offload leasing? Xerox announced it will return its FITTLE (aka XFS) leasing business to captive lenders as the company focuses on core print, IT and digital services Announced that it has expanded its partnership with PEAC Solutions of Mount Laurel, NJ Office Products International reported that Xerox sold around $600 million in leasing liabilities to PEAC PEAC Solutions offers sales/origination support, credit underwriting, contract document review, funding and administration of...

MOUNT LAUREL, NEW JERSEY – February 12 th , 2025 – PEAC Solutions is pleased to announce the successful closing of its first Asset Backed Securitization (ABS) transaction of 2025 on February 11 th . This transaction was the largest PEAC issuance and the third within eight months. PEAC Solutions Receivables 2025-1 LLC (PEAC 2025-1) issued notes totaling $687.3 million. The notes are backed by leases and loans primarily secured by office equipment, commercial and industrial assets, and other...