News ATEL Announces $9MM Rail Car Lease with Westlake Chemical ATEL Announces $9MM Rail Car Lease with Westlake Chemical ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of a Q4 equipment lease transaction with Westlake Chemical Corporation for 187 covered hopper rail cars for Westlake’s recently acquired Axiall Corporation entity. This is ATEL’s first transaction with Westlake Chemical and expects to service this new relationship for years to come. “ATEL is proud to have worked with Westlake management to provide financing for the company’s rail fleet right on the heels of their closing a very complex acquisition”, said ATEL Capital Group Chairman and CEO, Dean Cash. “We look forward to working with Westlake... READ MORE ATEL Leasing Transactions with Two Class Railroads ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of transactions for over $15MM with two Class 1 Railroads. These latest transactions are for distinctly different assets, rail cars and maintenance trucks, and for two distinctly different carriers. ATEL is very pleased to maintain our momentum in the building of our rail portfolio. As one of the Top 10 independent rail lessors, our knowledge of both customers and assets in this category have served our investors well over the years. Accounting for 69 percent of U.S. freight rail mileage and 90 percent of employees, America’s Class I freight railroads operate in 44 states across the country and concentrate... READ MORE ATEL Leasing Corporation Funds Aircraft for L3 ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of an aircraft lease transaction to L3 Technologies, Inc. (L3), formerly known as L-3 Communications Corporation. This lease represents a new relationship for ATEL with L3, and as ATEL Leasing Corporation’s EVP, ”L3 is one of the more interesting companies in our long list of Fortune 1000 customers. This specific transaction is for an aircraft asset that is an ideal complement to the broad range of assets in our diversified portfolio.” Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and... READ MORE ATEL Completes Barge transaction with Big Rivers Electric Corporation ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of a lease transaction for 30 barges with Big Rivers Electric Corporation. ATEL’s lease with Big Rivers fulfills our charter to finance long lived equipment with excellent credit worthy customers. The formation of Big Rivers has been the leader in cooperative model for over 80 years and we are pleased to have them as a customer. Big Rivers Electric Corporation is a member-owned, not-for-profit, generation and transmission cooperative (G&T) headquartered in Henderson, Kentucky. They provide wholesale electric power and services to three distribution cooperative members across 22 counties in western Kentucky. The... READ MORE ATEL Leasing LafargeHolcim Transactions ATEL Leasing Corporation (“ATEL”) is pleased to announce a new financing relationship with LafargeHolcim. ATEL leased to LafargeHolcim various Drills and Surface Mining Equipment at their Marblehead, Joilet and Morrison Quarries. This is ATEL’s first transaction with LafargeHolcim since the merger. “ATEL is proud to work with LafargeHolcim, as our deep understanding of their business strategy allows us to support their ongoing financing needs,” said ATEL Capital Group Chairman and CEO, Dean Cash. “We look forward to working with them on additional transactions in 2018.” LafargeHolcim is the leading global construction materials and solutions company serving masons,... READ MORE ATEL Leasing: Transportation Equipment Funded for Matson ATEL Leasing Corporation (“ATEL”) is pleased to announce the acquisition of chassis valued at $9,826,655 MM leased to Matson, Inc. Matson Inc., listed on the NYSE (MATX) and an S&P 600 Component, is a U.S. transportation services company that provides comprehensive freight shipping and logistics operations to countless terminals across the Pacific. Since 1882, the company has maintained a crucial transportation lifeline to the economies of Hawaii, Alaska, Guam, Micronesia and various islands across the South Pacific. “ATEL is pleased to provide lease financing for these chassis that are used to distribute container-shipped goods across the United States,” announced Dean Cash,... READ MORE ATEL Funded 3 New Leases in December ATEL Leasing Corporation (“ATEL”) is pleased to announce the following three transactions funded in Q4 2016. Walmart Transportation, LLC. ATEL continues its long-standing relationship with Walmart; this time for over $18MM of Refrigerated Trailers. ATEL’s relationship with Fortune #1 dates back to 1994. Walmart is the world's largest company by revenue, as well as the largest private employer in the world with 2.2 million employees.Rich Logistics, subsidiary of Roadrunner Transportation Systems (RRTS)ATEL priced, structured and arranged the $16 million lease financing of 53’ Wabash Dry Van Trailers. Rich Logistics is a trucking company that provides premium logistics services based... READ MORE ATEL Leasing Corporation Announces Transaction with AEP Indiana Michigan Power Company ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of a $14.5 million lease transaction with American Electric Power’s (AEP) business unit, Indiana Michigan Power Company (“I&M”). The lease involves Open Top Hopper Barges to be used for I&M’s Ohio River operations.“As one of the largest power companies in the nation, AEP contributes significantly to the US economy and we are proud to have them as a customer for many years,” said Dean Cash, Chairman and President, ATEL Capital Group. “ATEL’s lease with I&M fulfills our charter to finance equipment that fuels the US economy and supports its largest companies.”Indiana Michigan Power... READ MORE ATEL Announces Transaction with Waste Management ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of a $10.85 million lease transaction with Waste Management of New York. This latest transaction involves the financing of over 1,000 intermodal waste containers to be used as part of the City’s ambitious plan to improve the export infrastructure for the Department of Sanitation.“ATEL is very pleased to play a part in Waste Management’s ambitious and significant plan” said Ken Fosina, Executive President, ATEL Capital Group. “ATEL’s expertise with hard assets and servicing the needs of Fortune 500 customers led to the successful completion of this transaction.”Waste Management serves more than 21... READ MORE ATEL Capital Secures $500MM of Institutional Equity ATEL Capital Group launched several new private institutional funds generating commitments of $500 million of equity to be invested in low-tech equipment operating leases.“This increased equity capital will allow us to double our funding of true leases to our customers over the next 18 months,” said Dean Cash, Chairman and CEO of ATEL Capital Group. “As the economy has gone through economic ups and downs over the last 40 years, ATEL has been and remains a consistent funding source for American industry during all business cycles.”In advance of this new capital, ATEL Leasing Corporation expanded its lease origination and syndication teams with experienced, high-level producers... READ MORE Dean Cash Inducted into Florida State University College of Business Hall of Fame Mr. Cash graduated from FSU with degrees in psychology and math, and went on to earn an MBA in 1975. He is a member of the Florida State Foundation Board of Trustees, and was among four business leaders recognized for their professional accomplishments and community contributions at the 13th Annual Hall of Fame Dinner and Ceremony at the Florida State Turnbull Conference Center. Since 2003, the college has honored 35 alumni who embody the qualities that make the College of Business an exceptional place to learn and grow, and who have excelled in their careers and made significant contributions to the college and their professions. Candidates are selected based on their record of... READ MORE ATEL Leasing Corporation Announces Transaction with Bayer ATEL Leasing Corporation (“ATEL”) is proud to announce the completion of a lease transaction with Bayer Corporation. The lease transaction calls for ATEL to supply Bayer with a variety of business-necessary equipment including those used in laboratory testing. The $5 million of equipment ATEL is leasing Bayer will be used by Bayer’s consumer health division, At HealthCare, in their research and development efforts.ATEL Capital Group President and CEO Dean Cash states “Bayer Corporation continues to be one of our most valued customers. ATEL has the right mix of resources to provide timely capital for corporations such as Bayer and we look forward to working with them again in... READ MORE ALC Announces Transaction with Chiquita Corporation ATEL Leasing Corporation (“ATEL”) is proud to announce the completion of a $17.5MM equipment lease transaction with Chiquita. The contract calls for ATEL to lease to Chiquita refrigerated containers for cold storage transportation of their products.The 40 foot refrigerated MAERSK containers are equipped with a ventilation system that is specifically required for banana transportation. The insulated containers are used in ground and sea transportation and will keep produce refrigerated for up to 50 days.“ATEL welcomes and is pleased to be leasing with Chiquita Brands.” said ATEL Capital Group President and CEO, Dean Cash. “An iconic brand and a household name, Chiquita... READ MORE Boston Scientific Acquires Xlumena Inc for $62.5M Earlier this month, ATEL Ventures, Inc. ("AVI") portfolio company Xlumena was acquired by Boston Scientific for $62.5M. Xlumena, a venture-backed medical device company, develops, manufactures, and sells minimally invasive devices for Endoscopic Ultrasound (EUS) and is used to treat pancreatic and biliary disease. In a statement, CEO of Xlumena Greg Patterson said, "We are proud to see our technology evolve in conjunction with Boston Scientific's portfolio and provide patients a holistic and minimally invasive solution."Venture capital firms investing in Xlumena include Ascent Biomedical Ventures, Aperture Venture Partners, and Prism Venture to name a few. Xlumena started with a $3M... READ MORE ATEL Leasing Corporation Closes with $17MM Locomotive Transaction ATEL Leasing Corporation (“ATEL”) is proud to announce the completion of a $17MM equipment lease transaction with the Union Pacific Railroad Company (“UP”). The contract calls for ATEL to lease GE AC4400CW locomotives to UP. The 6-axle 4,400 horsepower locomotive is a powerful freight hauler commonly used to pull coal trains. The GE AC4400CW represents 20% of UP’s total locomotive fleet.“Union Pacific Railroad Company has been a valued partner with ATEL over many years,” said Dean Cash, President and CEO of ATEL. “Fortune 500 company, Union Pacific, strengthens our portfolio and further reinforces the company’s investment philosophy of providing industry leading... READ MORE ATEL Capital Group to Exhibit at Annual AFP Conference in Washington DC ATEL Capital Group’s subsidiary, ATEL Leasing Corporation ("ATEL"), is proud to announce it will exhibit at the Annual 2014 Association for Financial Professionals (AFP) Conference in Washington, D.C., at the Walter E. Washington Convention Center. The company will participate at the conference during November 2-5.Finance professionals have stated that in the ever-changing global economic climate, it is imperative they leverage the conference to assess all available resources that enable streamlined operations and reduced expenses. The ATEL Leasing team is excited to introduce the most forward-thinking methodologies for financing capital equipment to the 6,500 treasury and finance... READ MORE ATEL Growth Capital Portfolio Company Defensenet Acquired by F5 Network ATEL Growth Capital (“AGC”) is pleased to announce that Defense.net, an ATEL Growth Capital portfolio company, has been acquired by F5 Networks, Inc. (NASDAQ: FFIV). F5 Networks, a provider of application delivery networking products, has agreed to acquire Defense.net for an unspecified amount. The acquisition will bolster F5’s internet security technology and products. As an early venture lender to Defense.net, the ATEL Funds provided the company with an asset collateralized loan. As part of the loan terms ATEL was also provided warrants that are exercisable to purchase shares of Defense.net.“This landmark year is shaping up to be one of AGC's best,” said Steve... READ MORE ATEL Leasing Corporation Leases Coal Transfer Facility to Utility Company AEP ATEL Leasing Corporation (“ATEL”) announces today the recent acquisition of a coal transfer facility valued at $32MM leased to a subsidiary of American Electric Power (“AEP”).AEP, listed on the NYSE and an S&P 500 component, is a U.S. electric utility supplying over 5 million customers in 11 states. The company owns the largest electricity transmission system and is one of the largest generators of electricity in the nation at 38,000 megawatts.“ATEL is pleased to provide lease financing for this strategic facility that is used to distribute coal to power plants along the Ohio River,” announced Dean Cash, President and CEO of ATEL. “For over 100 years, AEP has... READ MORE ATEL Growth Capital Announces Portfolio Company Silverpop Acquired by IBM ATEL Growth Capital. (“AGC”) is proud to announce that Silverpop, an ATEL Growth Capital portfolio company, was recently acquired by IBM.Silverpop was provided an equipment financing credit line by ATEL, in which the terms of the loan agreement stipulated that Silverpop’s loan provide warrants permitting ATEL to acquire its stock.“A leader within the digital marketing solution space, Silverpop embodies the type of business models and growth prospects we look for in every ATEL portfolio company,” said Steve Rea, Executive Vice President at ATEL. “The company’s acquisition by IBM further fuels the strong activity that we are experiencing this year within our... READ MORE ATEL Announces New Partnership with Xicato ATEL Ventures Inc. ("ATEL") is proud to announce a new partnership with LED module producer Xicato, Inc. ATEL has provided Xicato with a multimillion dollar equipment financing facility to help bolster the company's production of a new line of LED modules at its San Jose, California, facility."Xicato goes above and beyond the original equipment manufacturer's already stringent processes by tuning each LED module so that it provides the best "quality of light", said Steve Rea, Executive Vice President of ATEL Ventures. “ATEL is pleased to be supporting Xicato in their efforts to push the LED industry to higher quality standards. We look forward to continuing our symbiotic... READ MORE Ecologic Closes Another Round of Venture Financing Ecologic Brands ("Ecologic"), an ATEL Growth Capital company, has announced that they have completed an additional round of financing of $7 million. New investor Kruger Inc. ("Kruger") was included in the financing round and will become the exclusive licensee and manufacturer of Ecologic's paper bottle technology in Canada."We are thrilled to partner with Ecologic, a company whose goal is to provide differentiated and innovative sustainable packaging solutions to consumers around the globe," said Michael Lafave, Senior Vice President, Containerboard/Packaging & Recycling at Kruger Inc. "We are especially excited to bring the Ecologic paper bottle technology to our customers... READ MORE ATEL Growth Capital Company Five9 Releases IPO ATEL Growth Capital ("AGC") is pleased to announce that Five9, Inc. an ATEL Growth Capital portfolio company, had its initial public offering ("IPO") on April 4, 2014. Listed under the symbol "FIVN" on the NASDAQ, Five9 raised over $350 million in the first day of trading and traded up 9.14% from the IPO price.The ATEL Funds were a venture lender to Five9, providing an asset collateralized loan. As part of the loan agreement, ATEL received warrants to acquire Five9 stock. Based on the closing price of Five9's stock on April 21st, ATEL's Funds have an unrealized gain of $1.1 million."Five9's successful IPO continues the strong momentum that ATEL has built from the beginning of the... READ MORE ATEL Provides $39MM Equipment Lease to Halliburton ATEL Leasing Corporation ("ATEL") is pleased to announce the completion of a $39 million equipment lease transaction with Halliburton Company.Halliburton Overseas Limited leased a well stimulation vessel, Stim Star Angola, to be used in Halliburton's West African operations.The Stim Star Angola was manufactured in 2004 and was upgraded with numerous engineering innovations in 2008. The vessel is used in all phases of production and stimulation including acidizing, acid fracturing, proppant fracturing and sand control. READ MORE ATEL Growth Capital Company LS9 Has Been Acquired ATEL Growth Capital is pleased to announce that LS9, Inc., an ATEL Growth Capital portfolio company, has been acquired.As an early venture lender to LS9, the ATEL Funds provided an asset collateralized loan of $4 million for 36 months. ATEL was collateralized by LS9's production facility in Okeechobee, Florida. ATEL Funds received warrants to acquire LS9 stock as part of the loan agreement. The acquisition of LS9 caused the loan to be repaid early with pre-payment penalties and purchase of the warrants. ATEL Funds netted over $1.1 million in profit and an internal rate of return ("IRR") of more than 20% in 21 months.LS9, Inc. is a leader in the technology behind the development... READ MORE ATEL Leasing Corporation End a Record Year ATEL Leasing Corporation ("ATEL") announced that it completed its best year in over a decade. For fiscal year ending December 2013, ATEL recorded a 38% increase in overall business volume versus 2012.ATEL attributes the performance to an ever expanding Fortune 1000 customer base and continued support from its current customers. "ATEL is proud of the momentum, but it is only the beginning of our resurgence," said Ken Fosina, Executive Vice President of ATEL Leasing Corporation."In 2013 we saw top flight performances from Capital Markets and great traction with new customers from Direct Origination. Excellent hires and a strategically improved business model helped us achieve record... READ MORE ATEL Capital Group Announces ATEL 16, LLC On Tuesday, November 5, 2013 ATEL 16, LLC (“ATEL 16”) was declared effective by the U. S. Securities and Exchange Commission. The Fund was formed to invest primarily in a diversified portfolio of low tech equipment leased to major U.S. corporations who are considered “High Quality Corporate Credits”. ATEL 16 will have an offering of $150 million of equity and is ATEL Capital Group’s (“ATEL”) 23rd syndicated program, including 14 prior public programs.“We are proud to announce the release of ATEL 16 to the investment public,” said Dean Cash, President and CEO of ATEL. “In the face of unpredictable economic conditions, diversification is essential to maintaining a... READ MORE ecoATM Acquired by Outerwall for $350 Million ATEL Ventures Inc. ("ATEL") is proud to announce that ecoATM, an ATEL Growth Capital portfolio company, has been acquired for approximately $350 million in cash. Outerwall (NASDAQ: OUTR), owner of Redbox DVD kiosks and Coinstar machines, has agreed to purchase ecoATM with the takeover having closed in late July. As an early venture lender to ecoATM, the ATEL Funds were provided warrants that were exercisable into nearly 70,000 shares of ecoATM stock."We are pleased with the outcome of our investment in ecoATM," said Steve Rea, Executive Vice President at ATEL. "Of the 175 million mobile devices that are sold each year in the United States, only 20% are collected and recycled. This... READ MORE ATEL Leasing Corporation Announces an Equipment Leasing Facility with Allegheny Technologies ATEL Leasing Corporation ("ATEL"), in partnership with Allegheny Technologies Incorporated ("ATI"), is pleased to announce an agreement whereby ATEL will provide ATI with an equipment leasing facility to acquire material handling and construction assets.ATEL will lease to ATI Caterpillar forklifts and a scrap crane. The equipment will be used at various locations throughout the United States and reflects the increase in construction activity in this country.ATI is one of the largest and most diversified specialty metals producers in the world, with revenues of approximately $5.2 billion for the last twelve months. With approximately 11,300 full-time employees in more than 90... READ MORE ATEL Capital Group Completes Move to The Transamerica Pyramid On December 8, 2012, ATEL Capital Group completed its relocation to the Transamerica Pyramid building. The relocation of the company's headquarters from California St. reinforces ATEL's commitment to the San Francisco market; where they have successfully cultivated their equipment leasing and venture business growth and success for 37 years.The 10 year lease is for the building's 20,053 square foot ninth floor.ATEL Capital Group's President and CEO, Dean Cash stated, "The move to the Transamerica Pyramid building underscores the company's long and successful history in San Francisco and highlights the growth of its business as well as the strength of its brand and client... READ MORE ATEL Growth Capital Announces a Record First Half of 2012 ATEL Growth Capital. is proud to announce that the first half of 2012 was the best ever in company history. For the six months ending June 30, 2012, the company's funded dollar amount increased by over 370% compared to the previous period in 2011.The change in the economic landscape beginning in 2008 allowed ATEL Growth Capital to capitalize on an emerging growth industry that is dependent upon venture debt and lease financing to capitalize their business expansion.The company attributes the record increase to a favorable lending climate, strong relationships within the venture capital community and ATEL's connection with entrepreneurs in the emerging growth industries. "We are very... READ MORE ATEL Cash Distribution Fund V Liquidation ATEL Capital Group is pleased to announce the liquidation of ATEL Cash Distribution Fund V (the "Fund"). The Fund has completed the sale of its remaining assets as of November 16, 2012 and will be making a distribution to its investors in December 2012.This special distribution will equal 10% of the original capital invested. The Fund has also retained cash in a liquidating trust (the "Trust") to cover estimated expenses that may be incurred over the next twelve months. After this period, remaining cash will be distributed from the Trust to the investors/beneficiaries.With the closure of the Fund, ATEL continues its long standing record of providing positive returns to its investors.... READ MORE ATEL Leasing Corporation Closes $30mm Lease Line of Credit with WalMart Stores Inc ATEL Leasing Corporation is pleased to announce the successful completion of a $30mm lease line for over-the-road trailers with Wal-Mart Stores, Inc.ATEL and Wal-Mart have enjoyed a mutually fruitful and longstanding relationship and have financed over $85mm of equipment in the past 3 years alone. For accounting purposes, the lease is structured as an operating lease and a true lease for tax purposes."The closing of this lease line highlights the critical importance for a lessor to provide the "three R's" when working with a customer," commented Bill Bullock, ATEL's Senior Vice President, Leasing. "Customers primarily care about Reputation, Reliability and Rate. One of the decisions a... READ MORE ATEL Closes Equipment Lease with Tyson Food ATEL is pleased to announce the completion of a multi-million equipment lease with Tyson Foods, Inc. (NYSE: TSN) ATEL provided lease financing for over-the-road trailers for the delivery of Tyson's protein products across the United States.an JBS S.A., and annually exports the largest percentage of beef out of the United States. With 2010 sales of $28 billion, Tyson Foods is the second-largest food production company in the Fortune 500, the largest meat producer in the world, and according to Forbes one of the 100 largest companies in the United States.The company makes a wide variety of animal-based and prepared products at its 123 food processing plants. Tyson Foods has... READ MORE ATEL Leasing Corporation completes $47 million lease financing with The Sabine Mine Co ATEL Leasing Corporation is pleased to announce the funding of a $47 million dollar lease with The Sabine Mine Co.Sabine is a wholly owned subsidiary of the North American Coal division of publicly traded NACCO Industries (ticker symbol NC). The funding consisted of two tranches closed in August and December of 2009. The transaction involved the comprehensive rebuild and leasing of two Bucyrus Erie Model 1570 Walking Dragline Shovels. The shovels are used to excavate lignite coal which is then used to generate electricity at the Pirkey power plant operated by Southwestern Electric Power Company located in Texas."ATEL's solution was a true "win-win" arrangement with Sabine.... READ MORE ATEL Capital Group The Transamerica Pyramid 600 Montgomery St., 9th Floor San Francisco, CA 94111 info@atel.com (415) 989-8800 LEASING Direct Lease Financing Capital Markets Equipment Types Leasing Clients Equipment Services Equipment Services FAQ News PRIVATE DEBT Portfolio Companies In the News M & A Links Exits Resources PROPERTIES RETAIL INVESTORS Institutional Investors COMPANY Management Team Careers ATEL Foundation Contact COVID-19 Proud members of: Equipment Leasing & Financial Association National Venture Capital Association Copyright © 2021 ATEL Capital Group Site designed by Alexander Burton