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News Stories (23 Results) - Railcar

Stonebriar Commercial Finance announce the closing of a new $81.6 million term loan. The facility provides Stonebriar with two tranches of 364-day committed funding for a portion of Stonebriar’s railcar portfolio.DVB Bank SE acted as arranger for the... Read Story
January 22, 2019, 07:25 AM


ECN Capital Corp announced it has closed the previously announced sale of substantially all of its remaining rail finance assets to GATX Corporation.ECN Capital in November 2018 announced it had entered into a definitive agreement to sell the... Read Story
January 10, 2019, 07:15 AM


ECN Capital Corp. reported Adjusted Net Income applicable to common shareholders of $21.3 reported financial results for the three-month period ending Sept. 30, up from $12.8 million a year ago.Originations for the three-month period ending Sept. 30... Read Story
November 13, 2018, 07:15 AM


ECN Capital Corp. announced it has entered into an agreement to sell railcar assets to affiliates of Trinity Industries Leasing Company for proceeds of $360 million. Including transaction costs, the total after-tax loss will be approximately $29... Read Story
September 25, 2018, 07:25 AM


RGCX, LLC announced it has been acquired by Corrum Capital. The acquisition provides RGCX with greater resources and flexibility in the railcar market and enables the company to pursue a long-term growth strategy. The new owner plans to fuel growth... Read Story
June 22, 2018, 07:20 AM


CIT Group Inc. announced the appointment of Randy Kaploe to the senior leadership team of CIT’s Rail division.Kaploe joins as senior vice president and will lead the Rail division’s sales efforts along the U.S. Gulf Coast, in Mexico and in Western... Read Story
June 20, 2018, 07:25 AM


FreightCar America announced that it has entered into an asset purchase agreement with Navistar, Inc. to acquire substantially all of Navistar’s operating assets associated with its railcar operations at the Shoals facility in Cherokee, Alabama. The... Read Story
February 27, 2018, 07:05 AM


Mitsubishi UFJ Lease & Finance Company Limited ("MUL") announced executive appointments to MUL Railcars, Inc. ("MULR") leadership team.  Kent Boskovich has been appointed Chief Commercial Officer. Boskovich has more than 20 years executive management... Read Story
January 15, 2018, 07:12 AM


Mitsubishi UFJ Lease & Finance Company Limited ("MUL") announced that it opened an MUL Railcars, Inc. ("MULR") office in Portland, Oregon. The new office serves as the base of operations for the Company's railcar leasing business in the U.S. MUL has... Read Story
December 14, 2017, 07:07 AM


ECN Capital Corp. announced that it has closed the sale of Rail Finance Assets (Element Rail Leasing II) to an investment vehicle managed by Napier Park Global Capital US LP on the terms previously announced. “We are pleased to close on this... Read Story
September 27, 2017, 07:02 AM


According to the latest market study released by Technavio, the global railcar leasing market is expected to grow at a CAGR of close to 7% during the forecast period. The research report titled ‘Global Railcar Leasing Market 2017-2021’ provides an in... Read Story
September 25, 2017, 07:10 AM


ECN Capital Corp. announced that it has entered into agreements to sell $1,487 million of Railcar Assets to affiliates of ITE Management L.P. and Napier Park Global Capital for proceeds of approximately $1,439 million (collectively, the “Railcar... Read Story
August 09, 2017, 07:10 AM


Sumitomo Mitsui Banking Corp. (SMBC) announced that its railcar operating lessor and fleet management business, SMBC Rail Services LLC (SMBC Rail), has signed an agreement to purchase American Railcar Leasing LLC (ARL) from Icahn Enterprises L.P.The... Read Story
December 20, 2016, 07:15 AM


PNC Equipment Finance, LLC, a wholly-owned subsidiary of PNC Bank, N.A., announced the completion of its railcar solutions for corporate customers with the addition of full-service operating railcar leases. Features of this new rail solution for... Read Story
November 15, 2016, 07:10 AM


U.S. Bank has hired rail industry veteran Mike Keasling to serve as an equipment leasing specialist. Based in Chicago, Keasling joins the bank in a national role focusing on deepening existing and developing new client relationships in the rail... Read Story
July 12, 2016, 07:03 AM


Trinity Industries, through its wholly-owned subsidiary, TrinityRail Asset Management Company, LLC (“TRAMCo”) announced the extension of its strategic railcar alliance with Element Financial Corporation. Under the extended alliance, Element is... Read Story
October 15, 2015, 07:05 AM


Bloomberg reported Wells Fargo has emerged as the front-runner to buy GE's railcar-financing unit, people with knowledge of the matter said.According to the Bloomberg report, an agreement to buy the business, with more than $4 billion in assets... Read Story
August 28, 2015, 07:08 AM


Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its health-care, railcar and franchise finance divisions, according to people with... Read Story
June 04, 2015, 07:16 AM


Element Financial (“Element” or the “Company”) announced the appointment of David D. McKerroll as President of Element Capital to oversee the further expansion and development of Element’s Railcar Finance and Aviation Finance business units.As a... Read Story
May 28, 2014, 07:00 AM


Napier Park Global Capital LLC (“Napier Park”), a global alternative asset management firm, announced today that its Financial Partners team has completed the initial investment of the Napier Park Railcar Lease Fund, LLC (the “Railcar Lease Fund” or... Read Story
May 13, 2014, 05:59 AM


Element Financial Corporation announced 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... Read Story
March 28, 2014, 06:30 AM


GATX Corporation announced its purchase of GE Capital Rail Services’ North American per diem boxcar fleet, consisting of more than 18,500 boxcars. The purchase price was approximately $340 million. Brian A. Kenney, president and chief executive... Read Story
March 25, 2014, 06:31 AM


Element Financial (“Element” or the “Company”), announced that it has completed its second railcar portfolio acquisition with the purchase of a further US$396 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar... Read Story
January 29, 2014, 07:00 AM