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Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.
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Alasacia SA, Santiago, Chile's largest bus operator, missed a bond payment and said it will file a debt restructuring plan.
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The rating reflects Moody's view that LeasePlan maintains a "strong franchise in fleet management" that provides relatively stable earnings and effective management of considerable residual value risk.
Read More →Fiat Chrysler will raise nearly $5 billion in private bond financing and loans to pay off the UAW trust and close out the merger, a move expected to save the automaker $390 million by 2016.
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Donlen raised $500 million in corporate bond funding Monday to finance its fleet leasing operations via its financing unit, according to its owner Hertz Global Holdings.
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LeasePlan Corporation N.V. has cleared a $500 million bond obligation from its balance sheet, the Holland-based fleet and vehicle management company has announced.
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