Element Financial Closes Acquisition of US$348 Million Worth of Helicopter and Railcar Finance Assets

Element Financial Closes Acquisition of US$348 Million Worth of Helicopter and 
Railcar Finance Assets 
TORONTO, Dec. 19, 2013 /CNW/ - Element Financial Corporation (TSX:EFN) 
("Element" or the "Company"), one of North America's leading equipment finance 
companies, today announced that it has closed its previously announced 
acquisitions comprised of approximately US$348 million worth of helicopter and 
railcar finance assets from GE Capital and Trinity Industries, Inc. 
Further to the December 9(th) announcement that Element had entered into a 
strategic alliance agreement with Dallas-based Trinity Industries, Inc. 
("Trinity") to provide lease financing for up to US$2 billion worth of 
railcars over the next two years, the Company confirmed today that it has 
closed the acquisition of the first tranche of assets under this agreement 
comprised of approximately US$105 million of existing railcar assets currently 
under lease to a diversified Trinity customer base. 
The Company also confirmed today that it has closed the previously announced 
acquisition from GE Capital of a portfolio of finance assets secured by 
individual helicopters for approximately US$243 million. The acquired 
portfolio of assets consists of 57 individual helicopters operated by 12 
customers in various commercial lift applications including oil and gas 
resource development and medevac services. 
"These two transactions add further scale and scope to Element's position as 
one of North America's leading providers of equipment financing with an 
established presence in five key business verticals - Commercial Finance, 
Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management," said 
Steven K. Hudson, Element's Chairman and Chief Executive Officer. "We have 
focused on building Element around these core verticals because we see them as 
offering very strong growth opportunities over the next several years combined 
with attractive yields and high quality credit attributes," added Mr. Hudson. 
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 five verticals of the equipment finance 
market - Commercial Finance, Vendor Finance, Aviation Finance, Railcar Finance 
and Fleet Management. 
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 references to expected railcar financings arising from the 
Company's strategic alliance agreement with Trinity Industries, Inc. 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 
 John Sadler  Senior Vice President (416) 386-1067 ext. 2313 
Michel Béland Chief Financial Officer (416) 386-1067 ext. 2225 
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CO: Element Financial Corporation
ST: Ontario
-0- Dec/19/2013 19:15 GMT
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