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Enter Symbol
or Name
USA
CA



Element Fleet Management Corp
Symbol EFN
Shares Issued 387,694,485
Close 2017-09-18 C$ 8.95
Market Cap C$ 3,469,865,641
Recent Sedar Documents

Element Fleet sells $23M (U.S.) of Rail Leasing notes

2017-09-19 08:09 ET - News Release

Mr. Bradley Nullmeyer reports

ELEMENT FLEET MANAGEMENT SELLS 100% OF RAIL NOTES

Element Fleet Management Corp. has sold $23-million (U.S.) of Element Rail Leasing II LLP 2016-1 Class B notes for an amount exceeding the current book value of the notes.

"We continue to make strong progress on our overall growth strategy including value optimization of non-core assets," said Bradley Nullmeyer, chief executive officer of Element Fleet Management. "Like the HD Trucks transaction announced earlier this month, this sale will allow us to further enhance our operating focus on our core fleet operations, and facilitate the return of capital to stakeholders including repurchases under our share buyback program."

Following this sale, non-core assets now comprise approximately 6 per cent of Element's total assets.

About Element Fleet Management Corp.

Element Fleet Management is the world's leading fleet management company, providing world-class management services and financing for commercial vehicle and equipment fleets. Element's suite of fleet management services spans the total fleet life cycle, from acquisition and financing to program management and remarketing -- helping customers optimize performance and improve productivity.

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