Element Announces Proposed Private Offering of Senior Notes

Executive Summary

• Element Fleet Management Corp. announced a proposed private offering of senior unsecured notes (“Notes”) to qualified institutional buyers (Rule 144A) and non‑U.S. persons (Regulation S).
• The net proceeds are intended for working capital, general corporate purposes, and may be used to repay existing indebtedness.
• The Notes will not be registered under the U.S. Securities Act or Canadian prospectus requirements; the offering relies on applicable exemptions.

Key Details

• Offering Structure: Senior unsecured notes offered in a private placement (not registered).
• Target Investors: Qualified institutional buyers under Rule 144A (U.S.) and non‑U.S. persons under Regulation S; Canadian investors via prospectus exemption.
• Use of Proceeds: Working capital, general corporate purposes, possible repayment of existing debt.
• Regulatory Status: Notes not registered in the United States; offering made pursuant to exemptions from U.S. and Canadian securities registration requirements.
• Contact Persons:
• Sumit Malhotra – SVP & Head of Financial Performance (437) 343‑7723, [email protected]
• Crystal Zhu – Manager, Investor Relations (437) 341‑3789, [email protected]

Notable Quotes

No executive quotes were included in the release.