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News Stories (9 Results) - Rail Finance

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

The Greenbrier Companies and Tokyo-based Mitsubishi UFJ Lease & Finance (MUL) completed agreements to expand their existing commercial relationship in North America consistent with the parties' Memorandum of Understanding announced in April. MUL... Read Story
June 02, 2017, 07:13 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

Underscoring the weak industry conditions which will likely continue through at least the third quarter of 2016, Moody's Investors Service changed its industry outlook to negative from stable, as deep and long-lasting declines in freight volumes... Read Story
May 17, 2016, 07:05 AM

Stonebriar Commercial Finance's Rail Leasing group announced it has completed a $6 million purchase of 5,161 c.f. Covered Hoppers on lease to a U.S.- based global agribusiness. The purchase represents the continued growth of the rail leasing platform... Read Story
April 15, 2016, 07:30 AM

Stonebriar Commercial Finance ("SCF") announced that Jeff Griffin has joined the company as Vice President and Director of Rail Leasing, initiating SCF's origination efforts in the rail sector. Griffin joins SCF after spending the last 8 years with... Read Story
March 07, 2016, 07:11 AM

Wells Fargo & Company (NYSE:WFC) announced that First Union Rail, its railcar finance, leasing and fleet management business, has changed its name to “Wells Fargo Rail.” The Company’s recent acquisition of GE’s railcar and locomotive leasing business... Read Story
February 18, 2016, 07:08 AM

Wells Fargo & Company (NYSE: WFC) announced that its railcar finance, leasing and fleet management business, First Union Rail, has signed an agreement to purchase GE Railcar Services from GE Capital. The transaction, which will add to the existing... Read Story
October 01, 2015, 07:21 AM

The Wall Street Journal reported Sumitomo Mitsui Financial Group (SMFG) is interested in  General Electric's U.S. railway-leasing business, according to people familiar with the matter. According to The Wall Street Journal report, GE Capital Rail... Read Story
June 23, 2015, 07:15 AM