Element Financial Corp (EFN.TO) 13.91 $EFN.TO
Element Taps Rated ABS Market for US$340 million to Fund Rail Assets
Marketwire - Thu Apr 17, 8:24AM CDT
Element Financial Corporation (TSX: EFN) ("Element" or the "Company"
, one of North America's leading equipment finance companies, and its wholly-owned subsidiary Element Rail Leasing I LLC (Series 2014-1), announced today that it has closed its first railcar asset-backed securitization (ABS) in the aggregate gross amount of US$340.3 million.
Celadon Group, Inc. Announces The Sale Of Lease Portfolio Assets And Earnings Release Date
PR Newswire - Tue Apr 01, 11:39AM CDT
Celadon Group, Inc. (NYSE:CGI) ("Celadon" announced today that it has agreed to sell its independent contractor lease portfolio and associated assets to Element Financial Corporation (TSX:EFN) ("Element". The existing portfolio includes approximately 600 leases and tractors that are currently in service with independent contractors with Celadon and other partner carriers. The purchase price of the transaction is approximately $53 million, which the company expects to use the funds to pay down its bank line. As part of this transaction, the company has also entered into a Program Agreement with Element under which Element will provide financing for the renewal and expansion of the transportation assets operated by independent lessees under contract to Celadon.
Element Enters Multi-Year Program Agreement With Celadon Group and Acquires US$53 Million Lease Portfolio
Marketwire - Tue Apr 01, 6:02AM CDT
Element Financial Corporation (TSX: EFN) ("Element" or the "Company", one of North America's leading equipment finance companies, announced today that it has entered into a multi-year Program Agreement (the "Program Agreement" with Indianapolis-based Celadon Group, Inc. ("Celadon", one of the largest and most progressive transportation and logistics companies in North America, under which Element will provide financing for the renewal and expansion of the transportation assets operated by independent lessees under contract to Celadon.
Element Completes Additional US$118 Million Funding of Trinity Railcar Leases
Marketwire - Thu Mar 27, 12:46PM CDT
Element Financial Corporation (TSX: EFN) ("Element" or the "Company", one of North America's leading equipment finance companies, announced today that it has closed its third railcar lease portfolio with the purchase of a further US$118 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar manufacturer in North America.
Element Financial to Be Added to FTSE Global Equity Index Series
Marketwire - Thu Mar 06, 1:21PM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company", one of North America's leading equipment finance companies, today confirmed that subsequent to the FTSE North America Regional Index Review announced on March 5, 2014, the Company's common shares will be added to the FTSE Global Equity Index Series effective after the close of business on Friday, March 21, 2014.
Element Financial Declares Dividend on Cumulative 5-Year Rate Reset Preferred Shares, Series A
Marketwire - Tue Mar 04, 3:31PM CST
Element Financial Corporation (TSX: EFN)(TSX: EFN.PR.A) ("Element" or "the Company", one of North America's leading equipment finance companies, announced today that its Board of Directors declared a dividend of $0.4701 per Series A preferred share payable on March 31, 2014 to shareholders of record on March 17, 2014. The dividend payment is for the period from and including the date of issue up to but excluding March 31, 2014.
Element Senior Management Buys Shares
Marketwire - Mon Feb 24, 8:21AM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company", one of North America's leading equipment finance companies, today announced that all eight members of the Company's senior management team purchased Element's common shares in the open market following last Thursday's release of the Company's financial results for the three-month and 12-month periods ending December 31, 2013.
Element Provides Fifth Consecutive Financing Campaign With Next Generation BK(R) Kitchen at BURGER KING(R) Restaurants
Marketwire - Sun Feb 23, 5:00PM CST
Element Financial (formerly CoActiv) will provide BURGER KING(R) franchisees throughout North America with new financing options for Next Generation Kitchen (NGK) equipment purchases and installations. Element's program simplifies the process for franchisees to acquire the NGK, which greatly increases productivity, reduces waste and improves food quality. As part of this program, Element is prequalifying its existing BURGER KING(R) franchisee customer base consisting of over 70% of total franchise locations. For both new and existing customers, applications are being processed quickly from start to finish via Element's online portal.
Element Doubles Originations in Q4 to Deliver $0.09 Adjusted Operating EPS
Marketwire - Thu Feb 20, 4:07PM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company", one of North America's leading equipment finance companies, today reported financial results for the 12-month and three-month periods ending December 31, 2013 with all five business verticals delivering record originations volumes contributing to a 30 percent increase in the Company's Net Finance Receivables of $3 billion as at December 31, 2013 versus $2.3 billion as at September 30, 2013. After tax adjusted operating income increased to $15.0 million in Q4-2013 producing $0.09 of operating earnings per share for the period in line with the consensus of analysts' estimates.
Element Financial Schedules Q4-2013 Conference Call
Marketwire - Tue Feb 11, 11:04AM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company", one of North America's leading independent equipment finance companies, today announced that it intends to file its financial statements and management discussion and analysis for the fiscal quarter and full year ended December 31, 2013 after the close of markets on Thursday February 20, 2014.
Trinity Industries, Inc. Announces the Sale of Approximately $396 Million of Leased Railcars under its Strategic Alliance with Element Financial Corporation
Business Wire - Tue Jan 28, 5:43PM CST
Trinity Industries, Inc. (NYSE:TRN) announced today that its subsidiary closed the sale of the second tranche of leased railcars to Element Financial Corporation (TSX:EFN) ("Element" under the newly formed $2 billion strategic railcar alliance announced in December. The sale consisted of a portfolio of existing leased railcars from Trinity's lease fleet with a value of approximately $396 million. The profit recognized from the sale in the first quarter of 2014 is expected to be between $1.00 and $1.10 per share. Trinity will not have any remaining ownership interest in the leased railcars sold to Element. Trinity Industries Leasing Company ("TILC", a wholly-owned subsidiary of Trinity, will act as servicer of the railcars sold to Element per the terms of the alliance.
Element Taps Rated ABS Market for US$340 million to Fund Rail Assets
Marketwire - Thu Apr 17, 8:24AM CDT
Element Financial Corporation (TSX: EFN) ("Element" or the "Company"
, one of North America's leading equipment finance companies, and its wholly-owned subsidiary Element Rail Leasing I LLC (Series 2014-1), announced today that it has closed its first railcar asset-backed securitization (ABS) in the aggregate gross amount of US$340.3 million. Celadon Group, Inc. Announces The Sale Of Lease Portfolio Assets And Earnings Release Date
PR Newswire - Tue Apr 01, 11:39AM CDT
Celadon Group, Inc. (NYSE:CGI) ("Celadon"
announced today that it has agreed to sell its independent contractor lease portfolio and associated assets to Element Financial Corporation (TSX:EFN) ("Element". The existing portfolio includes approximately 600 leases and tractors that are currently in service with independent contractors with Celadon and other partner carriers. The purchase price of the transaction is approximately $53 million, which the company expects to use the funds to pay down its bank line. As part of this transaction, the company has also entered into a Program Agreement with Element under which Element will provide financing for the renewal and expansion of the transportation assets operated by independent lessees under contract to Celadon. Element Enters Multi-Year Program Agreement With Celadon Group and Acquires US$53 Million Lease Portfolio
Marketwire - Tue Apr 01, 6:02AM CDT
Element Financial Corporation (TSX: EFN) ("Element" or the "Company"
, one of North America's leading equipment finance companies, announced today that it has entered into a multi-year Program Agreement (the "Program Agreement" with Indianapolis-based Celadon Group, Inc. ("Celadon", one of the largest and most progressive transportation and logistics companies in North America, under which Element will provide financing for the renewal and expansion of the transportation assets operated by independent lessees under contract to Celadon. Element Completes Additional US$118 Million Funding of Trinity Railcar Leases
Marketwire - Thu Mar 27, 12:46PM CDT
Element Financial Corporation (TSX: EFN) ("Element" or the "Company"
, one of North America's leading equipment finance companies, announced today that it has closed its third railcar lease portfolio with the purchase of a further US$118 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar manufacturer in North America. Element Financial to Be Added to FTSE Global Equity Index Series
Marketwire - Thu Mar 06, 1:21PM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company"
, one of North America's leading equipment finance companies, today confirmed that subsequent to the FTSE North America Regional Index Review announced on March 5, 2014, the Company's common shares will be added to the FTSE Global Equity Index Series effective after the close of business on Friday, March 21, 2014. Element Financial Declares Dividend on Cumulative 5-Year Rate Reset Preferred Shares, Series A
Marketwire - Tue Mar 04, 3:31PM CST
Element Financial Corporation (TSX: EFN)(TSX: EFN.PR.A) ("Element" or "the Company"
, one of North America's leading equipment finance companies, announced today that its Board of Directors declared a dividend of $0.4701 per Series A preferred share payable on March 31, 2014 to shareholders of record on March 17, 2014. The dividend payment is for the period from and including the date of issue up to but excluding March 31, 2014. Element Senior Management Buys Shares
Marketwire - Mon Feb 24, 8:21AM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company"
, one of North America's leading equipment finance companies, today announced that all eight members of the Company's senior management team purchased Element's common shares in the open market following last Thursday's release of the Company's financial results for the three-month and 12-month periods ending December 31, 2013. Element Provides Fifth Consecutive Financing Campaign With Next Generation BK(R) Kitchen at BURGER KING(R) Restaurants
Marketwire - Sun Feb 23, 5:00PM CST
Element Financial (formerly CoActiv) will provide BURGER KING(R) franchisees throughout North America with new financing options for Next Generation Kitchen (NGK) equipment purchases and installations. Element's program simplifies the process for franchisees to acquire the NGK, which greatly increases productivity, reduces waste and improves food quality. As part of this program, Element is prequalifying its existing BURGER KING(R) franchisee customer base consisting of over 70% of total franchise locations. For both new and existing customers, applications are being processed quickly from start to finish via Element's online portal.
Element Doubles Originations in Q4 to Deliver $0.09 Adjusted Operating EPS
Marketwire - Thu Feb 20, 4:07PM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company"
, one of North America's leading equipment finance companies, today reported financial results for the 12-month and three-month periods ending December 31, 2013 with all five business verticals delivering record originations volumes contributing to a 30 percent increase in the Company's Net Finance Receivables of $3 billion as at December 31, 2013 versus $2.3 billion as at September 30, 2013. After tax adjusted operating income increased to $15.0 million in Q4-2013 producing $0.09 of operating earnings per share for the period in line with the consensus of analysts' estimates. Element Financial Schedules Q4-2013 Conference Call
Marketwire - Tue Feb 11, 11:04AM CST
Element Financial Corporation (TSX: EFN) ("Element" or "the Company"
, one of North America's leading independent equipment finance companies, today announced that it intends to file its financial statements and management discussion and analysis for the fiscal quarter and full year ended December 31, 2013 after the close of markets on Thursday February 20, 2014. Trinity Industries, Inc. Announces the Sale of Approximately $396 Million of Leased Railcars under its Strategic Alliance with Element Financial Corporation
Business Wire - Tue Jan 28, 5:43PM CST
Trinity Industries, Inc. (NYSE:TRN) announced today that its subsidiary closed the sale of the second tranche of leased railcars to Element Financial Corporation (TSX:EFN) ("Element"
under the newly formed $2 billion strategic railcar alliance announced in December. The sale consisted of a portfolio of existing leased railcars from Trinity's lease fleet with a value of approximately $396 million. The profit recognized from the sale in the first quarter of 2014 is expected to be between $1.00 and $1.10 per share. Trinity will not have any remaining ownership interest in the leased railcars sold to Element. Trinity Industries Leasing Company ("TILC", a wholly-owned subsidiary of Trinity, will act as servicer of the railcars sold to Element per the terms of the alliance. 
