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| Home : Element Closes Rated ABS Notes Offered Through New US$4.8 Billion Chesapeake Funding II LLC Conduit to Fund U.S. Fleet Assets |
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Dec 17
2015 |
Element Closes Rated ABS Notes Offered Through New US$4.8 Billion Chesapeake Funding II LLC Conduit to Fund U.S. Fleet Assets |
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TORONTO, ONTARIO--(Marketwired - Dec. 16, 2015) - Element Financial Corporation (TSX:EFN) ("Element" or the "Company"), one of North America's leading fleet management and equipment finance companies, today announced that the Company has closed Chesapeake Funding II LLC, the new US$4.8 billion rated asset backed security ("ABS") funding conduit that Element has established as the permanent funding platform for its U.S. fleet management business. |
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| Source:http://www.marketwired.com/mw/release.do?id=2082742&sourceType=3 |
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