Element Financial Closes Aggregate $560 Million Common Share and Preferred Share Financings

Element Financial Closes Aggregate $560 Million Common Share and Preferred 
Share Financings 
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE 
UNITED STATES./ 
This news release does not constitute an offer to sell or a solicitation of an 
offer to buy any of the securities in the United States. The securities have 
not been and will not be registered under the United States Securities Act of 
1933, as amended (the "U.S. Securities Act") or any state securities laws and 
may not be offered or sold within the United States or to U.S. Persons unless 
registered under the U.S. Securities Act and applicable state securities laws 
or an exemption from such registration is available. 
TORONTO, Dec. 17, 2013 /CNW/ - Element Financial Corporation (TSX:EFN) 
("Element" or the "Company"), one of North America's leading equipment finance 
companies, announced today that it has closed its previously announced Common 
Share and Cumulative 5-Year Rate Reset Preferred Share financings. 
Element issued, on a bought deal basis, 33,465,000 Common Shares at a price of 
$13.75 per Common Share for gross proceeds of $460,143,750 (the "Common Share 
Offering") and 4,000,000 6.60% Cumulative 5-Year Rate Reset Preferred Shares 
at a price of $25.00 per Preferred Share for gross proceeds of $100,000,000 
(the "Preferred Share Offering") for aggregate gross proceeds of $560,143,750. 
The Common Share Offering was conducted by a syndicate of underwriters co-led 
by GMP Securities L.P, BMO Capital Markets, CIBC World Markets and RBC Capital 
Markets that included Credit Suisse Securities (Canada), Inc., National Bank 
Financial Inc., TD Securities Inc. and Cormark Securities Inc. The Preferred 
Share Offering was conducted by a syndicate of underwriters co-led by GMP 
Securities L.P, National Bank Financial Inc., BMO Capital Markets, CIBC World 
Markets, RBC Capital Markets and TD Securities Inc. that included Manulife 
Securities Inc. 
The Common Share Offering included the exercise in full by the underwriters of 
a 15% over-allotment option for an additional 4,365,000 Common Shares at a 
price of $13.75 per Common Share for gross proceeds of $60,018,750. 
The net proceeds of the Common Share Offering and Preferred Share Offering 
will be used to originate and finance, directly or indirectly, finance assets 
(including helicopter finance assets to be acquired under its previously 
announced transaction with GE Capital Corporation and railcar assets to be 
financed under its previously announced strategic alliance with Trinity 
Industries Inc.) and for general corporate purposes. 
"We have visibility on near term growth opportunities across our five business 
verticals and expect to begin deploying this capital on behalf of our 
investors commencing in the current quarter," said Steven K. Hudson, Element's 
Chairman and Chief Executive Officer. 
About Element Financial Corporation 
With total assets of approximately $3.3 billion, Element Financial Corporation 
is one of North America's leading equipment finance companies. Element 
operates across North America in three verticals of the equipment finance 
market - Element Capital provides large ticket equipment financing, Element 
Finance serves the mid-ticket equipment finance market and Element Fleet 
provides vehicle fleet leasing and management solutions. 
Forward Looking Statements 
This release includes forward-looking statements regarding Element and its 
business. Such statements are based on the current expectations and views of 
future events of Element's management. In some cases the forward-looking 
statements can be identified by words or phrases such as "may", "will", 
"expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" 
or the negative of these terms, or other similar expressions intended to 
identify forward-looking statements. Forward-looking statements in this 
release include those related to the use of proceeds from the Common Share 
Offering and Preferred Share Offering, including the completion of the 
transaction with GE Capital Corporation and financing of assets under the 
strategic alliance with Trinity Industries. The forward-looking events and 
circumstances discussed in this release may not occur and could differ 
materially as a result of known and unknown risk factors and uncertainties 
affecting Element, including risks regarding the equipment finance industry, 
economic factors and many other factors beyond the control of Element. No 
forward-looking statement can be guaranteed. Forward-looking statements and 
information by their nature are based on assumptions and involve known and 
unknown risks, uncertainties and other factors which may cause our actual 
results, performance or achievements, or industry results, to be materially 
different from any future results, performance or achievements expressed or 
implied by such forward-looking statement or information. Accordingly, 
readers should not place undue reliance on any forward-looking statements or 
information. Except as required by applicable securities laws, 
forward-looking statements speak only as of the date on which they are made 
and Element undertakes no obligation to publicly update or revise any 
forward-looking statement, whether as a result of new information, future 
events, or otherwise.
 

SOURCE  Element Financial Corporation 
Contact: 
John Sadler  Senior Vice President (416) 386-1067 ext. 2313 
jsadler@elementfinancial.ca 
Michel Béland Chief Financial Officer (416) 386-1067 ext. 2225 
mbeland@elementfinancial.ca 
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CO: Element Financial Corporation
ST: Ontario
NI: FIN LOAN MNA  
-0- Dec/17/2013 13:59 GMT
 
 
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