Element Fleet Management Related Content

KBRA Comments on Element Fleet’s Stake in 19th Capital Joint Venture

Kroll Bond Rating Agency released a comment on the Q4/17 results of Element Fleet Management, which included a significant charge related to the company’s 49.99% interest in 19th Capital, a joint venture involved in leasing highway tractors and trucks in the U.S. read more

Element Reports 1.8% Increase in Q4/17 Core Fleet Originations

Element Fleet Management reported core fleet originations in Q4/17 were C$1.46 billion ($1.13 billion) compared to C$1.44 billion ($1.11 billion) in Q3/17 and C$1.43 billion ($1.10 billion) in Q4/16. read more

Nullmeyer to Retire as Element CEO, Jauernig Named Acting Replacement

Element Fleet Management announced that Bradley Nullmeyer will retire as CEO and director and Dan Jauernig will service as acting CEO. read more

Element Fleet Management Responds to Reports of Potential Sale

Bloomberg reported that Element Fleet Management, after facing pressure to sell from investors, is evaluating a joint bid from Canada Pension Plan Investment Board and Onex as well as a bid from KKR & Co. read more

CLFP Foundation Surpasses 500-Member Milestone

The Certified Lease & Finance Professional Foundation announced that Carol Virgin, syndication manager at CHG-Meridian, became the 500th CLFP. read more

Element Q3/17 Originations Up 6%, Fleet Management Revenue Down 3% YTD

Element Fleet Management reported management net revenue was C$655.5 million ($514.9 million) in the first nine months of the year, down 3.0% from C$675.9 million ($530.9 million) in the first nine months of 2016. read more

Element Fleet Management Issues $1B of ABS Term Notes

Element Fleet Management completed the issuance of $1 billion of rated term notes through Chesapeake Funding II LLC. read more

Element Promotes Gittens to President of Canadian Operations

Element Fleet Management appointed Chris Gittens to the role of president of Canadian operations. Gittens replaced Sebastien Blondin, who will pivot to a strategic business development role. read more

Element Fleet Receives Initial BBB+ Issuer Rating from Fitch

Element Fleet Management received an initial issuer rating of BBB+ with stable outlook from Fitch Ratings. 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

Element Fleet Management Appoints Tobin Chairman

Brian Tobin was named the chairman of the board of directors of Element Fleet Management. Richard Venn, Element’s outgoing chairman, will continue to be a member of the board. read more

Element Fleet Management Sells 100% of Rail Notes

Element Fleet Management sold $23 million of Element Rail Leasing II LLP 2016-1 Class B notes for an amount exceeding the current book value of the notes. read more

Element Fleet Announces Non-Core Asset Sale

Element Fleet Management announced the sale of approximately 60% of its heavy-duty U.S. truck portfolio for cash proceeds of $113.2 million in excess of book value. read more

Element H1/17 Revenue Down 2.9%, Reports Loss on 19th Capital JV

Element Fleet Management released its Q2/17 financial results, reporting core fleet management net revenue was C$436.5 million ($344.09 million) in the first half of the year, down 2.9% from C$449.7 million ($354.5 million) in the first half of 2016. read more

Report: Element Fleet Management Doubles Size of ABS

According to a Nasdaq report, citing data from the International Financing Review, Element Fleet Management’s most recent ABS issue reached $1 billion, which effectively doubled its size. read more

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