CAI International, Inc. Announces Completion of $343.5 Million Offering of Asset-Backed Notes
The Series 2018-2 Notes Class A and the Series 2018-2 Notes Class B, are
rated “A” and “BBB”, respectively, by Standard & Poor’s. The
Series 2018-2 Notes have a scheduled maturity date of
Mr. Garcia, continued “We believe that an overall rising interest rate environment is positive for CAI as it allows us more flexibility to renew our expiring leases at higher rates and helps support utilization by making existing in-fleet equipment less expensive to our customers than new equipment that is priced with an embedded higher interest rate. The transaction will have minimal effect on CAI’s third quarter interest expense.”
About
CAI is one of the world’s leading transportation finance and logistics
companies. As of
Forward-Looking Statements
This press release contains forward-looking statements regarding future
events and the future performance of CAI, including but not limited to,
CAI’s expectations regarding the securitized note offering. These
statements and others herein are forward-looking statements within the
meaning of the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934 and involve risks and uncertainties that could
cause actual results of operations and other performance measures to
differ materially from current expectations. CAI refers you to the
documents that it has filed with the
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Source:
CAI International, Inc.
Tim Page, 415-788-0100
Chief Financial
Officer
tpage@capps.com