| Home : Element Financial to Raise $1.1 Billion of New Capital in Conjunction With Acquisition of PHH Corporation's North American Fleet Management Business |
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Jun 03
2014 |
Element Financial to Raise $1.1 Billion of New Capital in Conjunction With Acquisition of PHH Corporation's North American Fleet Management Business |
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- Bought deal financing of $750 million subscription receipts, $250 million extendible convertible debentures and $100 million cumulative 5-year rate reset preferred shares- Amended and restated revolving credit facility for aggregate commitment of $1 billion- US$1.36 billion bridge financing commitment obtained |
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| Source:http://www.marketwired.com/mw/release.do?id=1916437&sourceType=3 |
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