Actionable news
0
All posts from Actionable news
Actionable news in TRN: TRINITY INDUSTRIES Inc,

Kroll Bond Rating Agency Releases Comment: Element Financial Corporation Continues Strengthening Fleet and Rail Verticals

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases comment entitled "Element Financial Corporation Continues Strengthening Fleet and Rail Verticals."

Element Financial Corporation (TSX:EFN, “Element”, or “the Company”) has announced the acceleration of its strategic initiative to sell its Canadian commercial and vendor (C&V) business in the first quarter of 2016. The Company intends to reinvest the capital in organic and acquisitive growth opportunities in the Company’s core fleet management business. Element has also signed a new four-year agreement with Trinity Industries, Inc. (NYSE:TRN) based in Dallas, Texas, under which Element will purchase up to USD 1 billion of leased railcars. Element plans to increase...


More