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ECN Capital Closes Sale of Rail Finance Assets

September 27, 2017, 07:02 AM
Filed Under: Rail Transportation

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 disposition as it represents continued progress on our strategic plan,” said Steven Hudson, ECN Capital’s Chief Executive Officer.

Previously reported on Equipment Finance Advisor:
ECN Capital to Sell $1.5B of Non-Core Rail Assets; Reports Q2 2017 Results

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