Element Fleet Management Completes US$500 Million 4.641% Senior Notes Offering Due 2030

"Simpson Thacher represented the initial purchasers in Element Fleet Management Corp.'s US$500 million 4.641% senior notes offering due 2030 under Rule 144A and Regulation S. Net proceeds will fund working capital and general corporate purposes, which may include repayment of indebtedness. Element Fleet is a leading publicly traded pure-play automotive fleet manager."

Simpson Thacher represented the initial purchasers in the offering by Element Fleet Management Corp. Element Fleet completed an offering of US$500 million aggregate principal amount of 4.641% Senior Notes due 2030 pursuant to Rule 144A and Regulation S. Element Fleet intends to use the net proceeds from the offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness. Element Fleet is the largest publicly traded pure-play automotive fleet manager in the world, delivering value through scalable, sustainable and technology-enabled fleet and mobility solutions across North America, Australia, New Zealand and Ireland. Simpson Thacher represented the initial purchasers with a team composed by: David Azarkh, Patrick Baron, Anthony Kuan and Delia Li (Capital Markets); Jonathan Cantor and Heesang Yeo (Tax); Pasco Struhs and Sara Mazurek (ECEB); Alysha Sekhon (IP); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).

Element Fleet Management Completes US$500 Million 4.641% Senior Notes Offering Due 2030

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