ECN Capital closed the sale of Rail Finance Assets (Element Rail Leasing II) to Napier Park Global Capital US on the terms previously announced.

“We are pleased to close on this disposition as it represents continued progress on our strategic plan,” said Steven Hudson, ECN Capital’s chief executive officer.

With total owned and managed assets of more than $4.9 billion, ECN Capital operates in four verticals: home improvement finance, commercial and vendor finance, rail finance and aviation finance.