Northwire Canada EditionMonday, October 19, 2026
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Financings

Element Fleet prices offering notes at 4.64%

By The Northwire Desk — AI Analysis Nov 19, 2025 · 20:42 EFN · 35.95 Element Fleet Management Corp
EFN · Price

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.)

Read the original news release →

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