16 Dec 2025

Element Fleet Management Corp. Completes $500 Million 144A/Reg. S Senior Notes Offering

"Cravath advised Element Fleet Management Corp. on a $500 million 144A/Reg. S senior notes offering that closed on November 24, 2025. Element Fleet is the largest publicly traded pure‑play automotive fleet manager in the world."

Cravath represented Element Fleet Management Corp. in connection with its senior notes offering. The transaction comprised a $500 million 144A/Reg. S offering of senior notes. Element Fleet Management Corp. is the largest publicly traded pure‑play automotive fleet manager in the world. The offering closed on November 24, 2025. Cravath represented Element Fleet Management Corp. with a team composed by: partners Joseph D. Zavaglia and Douglas Dolan, and associates Nigle B. Barrow III and foreign associate attorney Luis A. Suarez del Real T. on capital markets matters; partner Arvind Ravichandran and associate Frederick Schemel on tax matters; and partner Eric W. Hilfers and associate Keanna N. Joseph on executive compensation and benefits matters. Andrew Stone also worked on tax matters.
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