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Element Fleet reminds of upcoming expiration of conversion privilege
Chicago, May 26 – Element Fleet Management Corp. announced that the expiration of the conversion privilege for noteholders of its 4.25% extendible convertible subordinated debentures is 11 a.m. ET on June 29, according to a notice.
The maturity date for the notes is June 30, 2020.
Debentures can be converted into common shares of the company pursuant to the terms of the indenture through the last business day prior to maturity.
The C$500 million of notes originally issued May 29, 2015 listed Element Financial Corp. as issuer.
Element Fleet is a Toronto-based equipment finance company.
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