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Element Fleet Management Completes $650 Million Senior Notes Offering

03.25.25

Simpson Thacher represented the initial purchasers in connection with the offering by Element Fleet Management Corp. (“Element Fleet”) of US$650 million aggregate principal amount of 5.037% Senior Notes due 2030, pursuant to Rule 144A and Regulation S.

Element Fleet intends to use the net proceeds from the offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness.

Element Fleet is the largest publicly traded pure-play automotive fleet manager in the world, providing a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for its clients across North America, Australia and New Zealand.

The Simpson Thacher team included David Azarkh, Patrick Baron, Julie De Keukeleire, Christopher Flynn and Deniz Demirci (Capital Markets); Jonathan Cantor and Heesang Yeo (Tax); Pasco Struhs and Sara Mazurek (Executive Compensation and Employee Benefits); Alysha Sekhon (IP); Michael Isby (Environmental); Abram Ellis and Anais Bourbon (Regulatory); and Jennie Getsin (Blue Sky).