|Bid||9.74 x 0|
|Ask||9.75 x 0|
|Day's Range||9.45 - 9.76|
|52 Week Range||6.96 - 13.47|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||81.00|
|Earnings Date||Jul 28, 2020|
|Forward Dividend & Yield||0.18 (1.83%)|
|Ex-Dividend Date||Jun 29, 2020|
|1y Target Est||11.67|
Moody's Investors Service (Moody's) has assigned provisional ratings of (P)Aaa (sf) to the Class A, (P)Aa2 (sf) to the Class B, (P)A2 (sf) to the Class C, and (P)Baa2 (sf) to the Class D, Series 2020-1 asset backed notes to be issued by Chesapeake Funding II LLC (CF II), a bankruptcy-remote special purpose entity and an indirect wholly-owned subsidiary of Element Fleet Management Corp. (Element, formerly known as Element Financial Corporation). Element Fleet Corporation (EFC), an indirect wholly-owned subsidiary of Element is the servicer of the transaction.
Date: July 28, 2020 Time: 6:30 p.m. (Eastern Time) TORONTO, July 06, 2020 -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), a leading global provider.
Dollar amounts in USD unless otherwise noted Company closes inaugural issuance of $400 million of 5-year 3.85% senior unsecured investment-grade notes in keeping with.
The net proceeds from the offering, together with borrowings under the Company’s senior credit facility and/or cash on hand, are expected to be used to repay Element’s 4.25% convertible debentures at maturity on June 30, 2020. Pending such ultimate application, the net proceeds from the offering are expected to be applied to temporarily reduce borrowings under such senior credit facility. The Notes will not be registered under the Securities Act or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws.
The Debenture Conversion Privilege will expire at 11:00 a.m. (Toronto time) on Monday, June 29, 2020, being the last business day prior to the Maturity Date. Beneficial owners who wish to exercise their Debenture Conversion Privilege should communicate with their broker or other nominee to obtain instructions for exercising such Debenture Conversion Privilege.
A total of 374,516,511 common shares (approximately 85.57% of the outstanding common shares) were represented in person or by proxy at the Meeting. “We would like to acknowledge and thank our shareholders, both for the excellent voter turnout of over 85.0% of shares voted and also for their continued support as evidenced by the voting percentages at the Meeting,” said Jay Forbes, President and Chief Executive Officer of the Company. “We remain committed to executing on our strategy of transforming our operating platform, strengthening our investment-grade balance sheet and pivoting Element to growth to cement our position as the industry leader in our geographies.”
Amounts in $CAD unless otherwise noted Q1 core adjusted operating income increased 10.5% over Q1 2019 to $135 million; equivalent to $0.23 on a per share basisTransformation.
Element Fleet Management Corp. (TSE:EFN), which is in the diversified financial business, and is based in Canada, led...
Date: May 11, 2020Time: 7:00 p.m. (Eastern Time) TORONTO, April 29, 2020 -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), a leading global provider.
Element establishes additional $560 million credit facility underwritten by four leading banks to provide interim funding for redemption of maturing convertible debentures if U.S. bond market conditions are not conducive to planned senior unsecured note issue. “Element has a very resilient business model, and the ongoing execution of our strategic plan to transform our core business and strengthen and deleverage our investment-grade balance sheet positions us well to not only withstand the stresses of this tumultuous time but to emerge with momentum,” Mr. Forbes said.
Element Fleet Management Corp. (TSE:EFN) is about to trade ex-dividend in the next 3 days. If you purchase the stock...
Amounts in $CAD unless otherwise noted Q4 adjusted operating income from core business increased 44% from Q4 2018, to $143 million; equivalent to $0.24 on a per share basis On.
Date: February 25, 2020Time: 6:00 p.m. (Eastern Time) TORONTO, Jan. 22, 2020 -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), a leading global.
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Mr. Kaufman brings to Element more than two decades of experience in treasury at leading financial services companies, overseeing key areas including funding, liquidity, interest-rate risk, and banking relationships. Mr. Kaufman succeeds the Company’s long-time Treasurer, Karen Martin, who, as previously announced, is retiring from Element.
Element Fleet Management Corp. (EFN.TO) (“Element” or the “Company”), a leading global provider of fleet management services, today announced financial results for the third quarter ended September 30, 2019 and a $30 million increase in the Company’s profit improvement target for its client-centric transformation program.
Element Fleet Management Corp. (EFN.TO) (“Element” or the “Company”), a leading global provider of fleet management services, today announced that Standard & Poor’s (“S&P”) has initiated coverage of the Company with an investment-grade BBB rating and stable outlook. Element is pleased with this outcome as it represents a significant step towards further strengthening and de-risking the Company’s investment-grade balance sheet by opening access to the U.S. unsecured corporate debt market.
Date: November 7, 2019 (unchanged)Revised Time: 9:00 a.m. (Eastern Time) TORONTO, Oct. 07, 2019 -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), a.
Date: November 7, 2019Time: 8:00 a.m. (Eastern Time) TORONTO, Oct. 02, 2019 -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), a leading global.
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