Element Fleet Management plans private offering of senior notes

Element Fleet Management Corp., a leading automotive fleet manager, announced plans to sell senior unsecured notes in a private offering. This offering will not be registered under U.S. securities laws and is subject to market conditions. The company intends to use the money raised from this offering for working capital and other corporate needs, which may include paying off existing debt. The notes will only be sold to qualified institutional buyers and non-U.S. persons. Element Fleet Management emphasizes its role as a global leader in fleet solutions. The company aims to provide clients with sustainable mobility options, helping them manage everything from vehicle acquisition to maintenance and efficiency improvements.