Element Financial Closes New US$600 Million Credit Facility

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 new 
US$600 million committed debt facility, underwritten by BMO Capital Markets 
and a syndicate of financial institutions that includes the participants in 
the Company's Senior Secured Credit Facility. This facility was established to 
provide bridge financing for railcar leases originated through Element's 
recently announced strategic alliance with Trinity Industries Inc. while the 
Company develops an asset backed securitization structure to permanently fund 
originated railcar leases under this alliance. 
"This new credit facility, together with the more than $560 million of 
additional equity capital raised through our most recent offering of common 
and preferred shares, provides Element with a broadly-based and diversified 
capital structure to fund our expected near term growth in finance assets," 
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 references to expected railcar financings and the use of 
proceeds from the new debt facility. 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 19:14 GMT
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