ECN Capital Related Content

ECN Capital to Ask Shareholders to Consider Reduction in Stated Capital

ECN Capital mailed information to shareholders in connection with a special meeting of holders to be held on Dec. 2 in which shareholders will vote on a proposal to reduce the stated capital account of common shares in the capital of the corporation. read more

ECN Capital Sells its Service Finance Business to Truist Bank for $2B

ECN Capital entered into a definitive agreement with Truist Bank to sell all of the issued and outstanding equity interests in each of Service Finance Company and Service Finance Holdings for cash proceeds of $2 billion. read more

ECN Bank Partner Renews $600MM Funding Commitment for Service Finance

ECN Capital’s operating subsidiary, Service Finance, has renewed its largest bank funding commitment. read more

ECN Capital President Retires; Hudson Extends Contract to 2023

Steven Hudson, ECN Capital CEO, has agreed to extend his employment contract to 2023. ECN also announced the retirement of Jim Nikopoulos as President effective May 8, 2019. read more

ECN Capital Announces Preliminary Results of Substantial Issuer Bid

ECN Capital announced the preliminary results of its modified “Dutch auction” substantial issuer bid to purchase for cancellation up to $265 million of its outstanding common shares from shareholders for cash. read more

ECN Capital Reports $50MM+ EBITDA in Q3/18

ECN Capital reported Q3/18 EBITDA, net of provision for credit losses, of $50.9 million versus $36.6 million for the previous three-month period and $34.4 million for the same period last year. read more

ECN Capital Sells 55% of Rail Finance Portfolio to Trinity Affiliates

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

ECN Capital Sells 55% of Existing Rail Portfolio to Trinity Affiliates

ECN Capital entered into a agreement to sell railcar assets to affiliates of Trinity Industries Leasing for proceeds of $360 million. read more

ECN Capital Completes Investment in The Kessler Group

ECN Capital completed its strategic investment in The Kessler Group on the terms previously announced. read more

ECN Capital Reports Significantly Higher Year/Year Originations

ECN Capital reported Q1/18 originations were $349.2 million, up from $249.4 million sequentially and $31.0 million for the same period in 2017. read more

ECN Capital Signs Agreement to Make Investment in The Kessler Group

ECN Capital entered into a definitive agreement to make a strategic investment in The Kessler Group. Under the terms of the agreement, ECN Capital will invest $221.2 million in KG. read more