Element Fleet Management ( (TSE:EFN) ) has shared an update.
Element Fleet Management has announced a proposed private offering of senior unsecured notes, with the proceeds intended for working capital and general corporate purposes, including debt repayment. This move is part of Element’s strategy to enhance financial performance and operational efficiency, potentially impacting its market positioning by leveraging its scale and expertise in fleet management.
More about Element Fleet Management
Element Fleet Management is the largest publicly traded pure-play automotive fleet manager in the world. The company provides a comprehensive range of sustainable and intelligent mobility solutions to optimize fleet performance for clients across North America, Australia, and New Zealand. Element’s services encompass vehicle acquisition, maintenance, route optimization, risk management, and advising on fleet electrification and decarbonization efforts.
YTD Price Performance: -3.54%
Average Trading Volume: 44,791
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.8B
See more data about EFN stock on TipRanks’ Stock Analysis page.