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Element Fleet Management Announces Proposed Private Offering of Senior Notes

BY MT Newswires | CORPORATE | 11/19/25 10:32 AM EST

10:32 AM EST, 11/19/2025 (MT Newswires) -- Element Fleet Management (ELEEF) on Wednesday said it intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions.

The company said it plans to use the net proceeds from the notes offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness.

The company's shares were last seen up $0.41 to $35.46 on the Toronto Stock Exchange.

Price: 35.46, Change: +0.41, Percent Change: +1.17

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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