Element Announces Pricing of Private Offering of Senior Notes

TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX: EFN) (“Element” or the “Company”), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$650 million aggregate principal amount of 5.037% Senior Notes due 2030 (the “Notes”) in a private offering that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will mature on March 25, 2030.

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