Element Financial Related Content

Bloomberg: GE, Element in Talks over Fleet Assets

Bloomberg reported that GE is in advanced talks to sell assets in its $9 billion vehicle fleet-management business to Element Financial. read more

Rumor: Element’s $2.5B Raise Tied to GE Capital Fleet Acquisition

The Financial Post reported a rumor that Element Financial’s announcement that it is raising $2.5 billion for acquisitions could possibly mean the company will be seeking to acquire GE Capital’s fleet leasing business. read more

Element Upsizes ‘Bought Deal’ Offering to $2.5B

Element Financial announced that it has increased the size of its previously announced “bought deal” offering component of $1,550 million of subscription receipts to $1,850 million of subscription receipts. read more

Element Financial to Raise $2.2B to Fund Future Acquisitions

Element Financial announced it plans to sell $1,550 of subscription receipts, $500 million of debentures and $150 million of preferred shares. Element said it intends to use the net proceeds to fund future acquisitions. read more

Element Financial Acquires $127MM Trinity Railcars in Q1

Trinity Industries said it Railcar Leasing group sold $127 million of railcars to Element Financial during Q1/15. Trinity noted that since Q4/13, the leasing group has completed $1.11 billion of leased railcar sales to Element. read more

Element Announces Executive Board Appointments, Retirements

Element Financial announced it appointed William Lovatt as chairman of its board of directors, Richard Venn as its vice-chairman and The Hon. Brian Tobin as an independent director. Steven Small and Michael D. Harris also announced their retirement from the board. read more

Element Names Jackson VP, Asset Management

Element Financial announced the appointment of Craig Jackson as vice president of its Asset Management group. Jackson previously served as managing director at ICON. read more

Element Financial Declares Quarterly Preferred Share Dividends

Element Financial said its board of directors declared a quarterly dividend on each of three classes of its five-year rate reset preferred shares. read more

Element Closes $405MM of Rail Equipment Notes

Element Financial announced that it closed its offering of Secured Portfolio Railcar Equipment Notes raising gross proceeds in the amount of $405.0 million. read more

Element Financial Reports FY Volume of $4.7B

Element Financial reported the company’s earning assets grew substantially during 2014 to $9.7 billion from $3.0 billion a year earlier. New originations for the year of $4.7 billion were up from $2.1 billion in 2013. read more

Element Names Zander SVP, Rail Finance

Element Financial appointed Harry Zander as senior vice president, Sales in its Rail Finance vertical. Zander formerly served at Mitsui Rail. read more

Trinity Completes Sale of $1B Railcars to Element Financial

Trinity reported record Q4 and FY earnings on higher revenues. The company noted it sold $114.8 million of railcars to Element Financial in Q4 completing the sale of the first $1 billion of leased railcars to Element and anticipates fulfilling the $2 billion alliance in 2015. read more

Element Financial Increases 2015 EPS Outlook

Element Financial increased its 2015 outlook for adjusted operating earnings per share based on the favorable translation effect arising from the expected increase in the value of the U.S. dollar relative to the Canadian dollar throughout 2015. read more

NEC, Element Financial Partner on Digital Cinema Program

NEC Display Solutions of America announced a special financing program provided by Element Financial to help the remaining 1,000 screens at movie theaters across America make the conversion to digital cinema. read more

Element to Originate $6.5B in 2015, 75% from U.S.

Element Financial announced that it expects to organically originate approximately $6.5 billion of new equipment loans and leases during 2015, 75% of which will originate in the U.S. read more

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Terry Mulreany
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