Element Fleet Management arranges senior note offering

Executive Summary

• Element Fleet Management Corp. has announced its intention to conduct a proposed private offering of senior unsecured notes.
• The offering is subject to market conditions and will not be registered under the Securities Act of 1933.
• Net proceeds from the transaction are intended for working capital, general corporate purposes, and potentially the repayment of existing indebtedness.

Key Details

• Instrument: Senior unsecured notes.
• Offering Type: Private offering, not registered under the Securities Act of 1933 or applicable state securities laws.
• Target Investors: Qualified institutional buyers (Rule 144A) and non-U.S. persons (Regulation S); in Canada, offered pursuant to exemptions from prospectus requirements.
• Use of Proceeds: Working capital and general corporate purposes, which may include repayment of existing indebtedness.
• Conditions: Subject to market and other conditions.