The latest announcement is out from Element Fleet Management ( (TSE:EFN) ).
Element Fleet Management announced a private offering of US$650 million in 5.037% Senior Notes due 2030, aimed at raising funds for working capital and general corporate purposes, including potential debt repayment. The offering, set to close on March 25, 2025, is not registered under the Securities Act and is targeted at qualified institutional buyers and non-U.S. persons, reflecting Element’s strategic financial maneuvering to enhance operational flexibility and maintain its industry leadership.
More about Element Fleet Management
Element Fleet Management is the largest publicly traded pure-play automotive fleet manager globally, offering sustainable and intelligent mobility solutions. The company operates across North America, Australia, and New Zealand, providing services such as vehicle acquisition, maintenance, route optimization, risk management, and fleet electrification. Element aims to optimize fleet performance, reduce operating costs, and enhance efficiency for its clients.
YTD Price Performance: -3.54%
Average Trading Volume: 44,791
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.8B
For an in-depth examination of EFN stock, go to TipRanks’ Stock Analysis page.