CAI International, Inc. Announces Receipt by Subsidiary CAL Funding IV Limited of Requisite Consents in Consent Solicitation Relating to its 2.22% Fixed Rate Asset-Backed Notes, Series 2020-1, Class A

Jul 29, 2021

CAI International, Inc. (NYSE: CAI) (“CAI” or the “Company”), one of the world’s leading transportation finance companies, announced today that its subsidiary CAL Funding IV Limited (“CAL Funding”) has received the requisite consents, under a consent solicitation (the “Consent Solicitation”) related to CAL Funding’s 2.22% Fixed Rate Asset-Backed Notes, Series 2020-1, Class A (the “Notes”), to enter into a supplemental indenture to affect certain amendments to and waivers under the indenture, dated September 9, 2020, between CAL Funding and Wilmington Trust, National Association, as trustee, as amended. The amendments and waivers were sought in connection with the proposed migration (the “Migration”) of the jurisdiction of certain of the Company’s subsidiaries, including CAL Funding, to the United States, which migration is among the conditions to closing of the previously-announced proposed acquisition by merger (the “Merger”) of CAI by Mitsubishi HC Capital Inc. (“MHC”). The amendments to the indenture will become effective immediately prior to, and contingent upon, the effectiveness of the Migration, which will precede the closing of the Merger.

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