CAI International, Inc. Announces Issuance of $742.7 Million of Fixed Rate Asset-Backed Notes

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Sep 10, 2020
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CAI International, Inc. (CAI) (NYSE: CAI), announced today that it has completed an offering of $715.9 million Fixed Rate Asset-Backed Series 2020-1 Class A Notes at an annual yield of 2.235% and $26.8 million Fixed Rate Asset-Backed Series 2020-1 Class B Notes at an annual yield of 3.535% (collectively, the “Notes”). The weighted average annual yield of the Notes is 2.28%.