ECN Capital closed the sale of Element Rail Leasing I to affiliates of Trinity Industries Leasing Company on previously announced terms.

ERL I represents approximately 55% of ECN’s rail finance portfolio.

With managed and advised assets of more than $28 billion, ECN Capital provides prime credit portfolios to more than ninety U.S. financial institutions. It originates, manages and advises on prime credit assets, offering unsecured and secured consumer portfolio solutions as well as credit card portfolios.