By Lisa Kerner
Charlotte, N.C., Nov. 3 - SeaCube Container Leasing Ltd. subsidiary CLI Funding V LLC completed its offering of $250 million of 4.94% series 2011-2 fixed-rate secured notes on Thursday.
The notes have a scheduled maturity date of Nov. 18, 2021 and a legal final maturity date of Oct. 18, 2026.
Proceeds will be used for container purchases and other general business purposes, according to a company news release.
SeaCube is a container leasing company based in Park Ridge, N.J.
| Issuer: | CLI Funding V LLC
|
| Issue: | Series 2011-2 secured notes
|
| Amount: | $250 million
|
| Maturity: | Nov. 18, 2021 (scheduled); Oct. 18, 2026 (legal)
|
| Coupon: | 4.94%
|
| Distribution: | Rule 144A/Regulation S
|
| Settlement date: | Nov. 3
|
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