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ATEL Funds $9.8MM of Transportation Equipment for Matson Inc.

August 21, 2018, 07:17 AM

ATEL Leasing Corporation announced the acquisition of chassis valued at $9,826,655 leased to Matson, Inc.

Matson is a U.S. transportation services company that provides comprehensive freight shipping and logistics operations to countless terminals across the Pacific. Since 1882, the company has maintained a crucial transportation lifeline to the economies of Hawaii, Alaska, Guam, Micronesia and various islands across the South Pacific.

“ATEL is pleased to provide lease financing for these chassis that are used to distribute container-shipped goods across the United States,” said Dean Cash, President and CEO of ATEL.

ATEL Capital Group is an international financial services company that for over 40 years has offered its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. Since its inception, ATEL has sponsored 16 publicly registered funds as well as numerous private retail and institutional investment programs.

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