CAI International, Inc. Announces the Completion of the Sale of its Railcar Fleet to Infinity Transportation
29 Diciembre 2020 - 2:23PM
Business Wire
CAI International, Inc. (“CAI” or the “Company”) (NYSE: CAI), is
pleased to announce the closing of its previously reported
agreement to sell all of its remaining railcar fleet to Infinity
Transportation for $228.1 million.
Timothy Page, Interim President and Chief Executive Officer of
CAI, commented, “The closing of the sale of our remaining railcar
fleet completes the commitment we made to divest our non-core
assets and will allow us to maximize shareholder returns by
focusing all of our resources on our core container leasing
business.”
About CAI International, Inc.
CAI is one of the world’s leading transportation finance
companies. As of September 30, 2020, CAI operated a worldwide fleet
of approximately 1.7 million CEUs of containers. CAI operates
through 14 offices located in 12 countries including the United
States.
About Infinity Transportation
Infinity Transportation, a subsidiary of Global Atlantic
Financial Group, provides net and full-service leases as well as
other structured financing solutions that address the logistical
and financial needs of its clients in the rail, aviation, and
intermodal industries. Infinity Transportation manages a large,
diverse portfolio of transportation assets and is led by a veteran
management team with a broad range of technical expertise,
asset-level knowledge and transaction experience across
transportation operations, maintenance and finance.
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version on businesswire.com: https://www.businesswire.com/news/home/20201229005418/en/
David Morris, Vice President Finance, Corporate Controller (415)
788-0100 dmorris@capps.com
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