Element Fleet prices offering notes at 4.64%

Executive Summary

• Element Fleet Management Corp. announced a private placement of $500 million aggregate principal amount of 4.641% senior notes due 2030.
• The notes will mature on November 24, 2030 and the offering is expected to close on November 24, 2025, subject to customary closing conditions.
• Net proceeds are earmarked for working capital, general corporate purposes and may be used to repay existing indebtedness.

Key Details

• Offering Size: $500 million aggregate principal amount of senior notes.
• Interest Rate: 4.641% per annum.
• Maturity Date: November 24, 2030.
• Closing Date: Expected on November 24, 2025, subject to customary conditions.
• Offering Type: Private placement; not registered under the Securities Act of 1933.
• Use of Proceeds: Working capital, general corporate purposes, and possible repayment of existing indebtedness.

Notable Quotes

(No executive quotes were provided in the release.)