ECN Capital Related Content

Trinity Advises ECN Capital on Sale of Leased Railcars to Napier Park

Trinity Industries’ wholly-owned subsidiary TrinityRail Asset Management acted as an advisor and arranger on ECN Capital’s sale of a portfolio of approximately 9,950 leased railcars. read more

Hudson Rebukes Notion He is Fleeing Canada to Avoid Higher Taxes

After being accused of fleeing Canada to avoid tax hikes, ECN Capital’s Steve Hudson denied such claims through a spokesman, Canada’s Business News Network reported. read more

ECN Capital Closes the Sale of Rail Finance Assets

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

ECN Capital Closes Acquisition of Service Finance Holdings

ECN Capital closed the acquisition of Service Finance Holdings on the terms previously announced. read more

KBRA Classifies ECN Capital’s Rail Divestitures as Credit Neutral

Kroll Bond Rating Agency commented on ECN Capital’s announcement of definitive agreements to sell $1.49 billion, or approximately 65%, of its railcar assets to affiliates of ITE Management and Napier Park Global Capital. read more

ECN Capital Sells $1.5B of Rail Assets; Reports Q2 Results

ECN Capital will sell $1,487 million of railcar assets to affiliates of ITE Management and Napier Park Global Capital. The company also reported financial results for Q2/17. read more

ECN Capital Plans Normal Course Issuer Bid for Common Shares

ECN Capital plans to file a notice of intention with the Toronto Stock Exchange to commence a normal course issuer bid for its common shares. read more

ECN Capital Buys Service Finance for $304MM

ECN Capital entered into a definitive agreement to acquire Service Finance Holdings for $304 million. read more

Acasta Closes Acquisition of ECN Capital’s Commercial Aviation Business

Stellwagen Group, closed its previously announced acquisition of ECN Capital’s Commercial Aviation advisory and asset management business. read more

ECN Capital Closes $100MM Preferred Share Offering

ECN Capital closed the previously announced offering of 4,000,000 6.25% cumulative 5-year minimum rate reset preferred shares, Series C at a price of $25 per share for aggregate gross proceeds of $100 million. read more

Nikopoulos Appointed President of ECN Capital

Jim Nikopoulos was promoted to president of ECN Capital at the company’s board of directors meeting on May 11. Nikopoulos previously served as chief operating officer. read more

ECN Capital Q1 Canadian Commercial & Vendor Originations up 62%

ECN Capital reported originations for Q1/17 were $398.2 million versus $477.3 million for the same period last year. ECN noted that its Canadian commercial and vendor originations were up 62% year/year. read more

ECN Capital Appoints Toth, Goldman to Board of Directors

ECN Capital appointed Donna Toth and Carol Goldman the company’s board of directors to sit as independent directors effective April 10, 2017. read more

ECN Completes Sale of U.S. Equipment Finance Business to PNC

ECN Capital completed the previously announced sale of the company’s U.S. Commercial and Vendor Finance business to PNC Financial Services Group. read more

ECN Capital Appoints Colter CFO in Wake of Béland’s Retirement

ECN Capital appointed Grier Colter as chief financial officer, succeeding Michel Béland. read more

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