ATEL Leasing Closes Equipment Financing Transaction with Allegheny Technologies
Posted 01/17/13
San Francisco, January 17, 2013 - ATEL Leasing Corporation is pleased to announce the completion of an equipment financing transaction with Allegheny Technologies (NYSE:ATI), which includes the purchase of material handling and construction assets that will be used at various locations throughout the US.
Allegheny Technologies, Inc. is a specialty metals company headquartered in Pittsburgh, Pennsylvania. Allegheny Technologies is one of the largest and most diversified specialty metals producers in the world with revenue of $5.2 billion in 2011. ATI's key markets are aerospace and defense, oil & gas, chemical process industry, electrical energy, and medical. Products are titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings.
"We are pleased to continue our relationship with ATI, enabling the ATEL Funds to expand and diversify our investment grade portfolio," commented Ken Fosina, Executive Vice President, ATEL Leasing Corporation.
About ATEL Capital Group ATEL Capital Group is an international financial services company that offers its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. Since its inception, ATEL has sponsored fourteen public SEC-registered equipment leasing programs as well as seven private growth capital investment programs.
On August 20, 2012, the U.S. Securities and Exchange Commission declared effective ATEL Growth Capital Fund 8, LLC, a unique public fund formed to provide debt financing to emerging growth and pre-IPO companies.
ATEL's family of Funds has attracted over 46,000 investors since ATEL's first public program was created in 1986. Additional information about ATEL Capital Group can be found on the Company's web site at www.atel.com.
About ATEL Leasing Corporation
ATEL Leasing Corporation is a wholly-owned subsidiary of ATEL Capital Group ("ATEL") headquartered in San Francisco, California. ATEL offers a broad spectrum of investment products which include equipment leasing and venture capital and debt to both retail and institutional investors. The family of ATEL companies includes subsidiaries specifically dedicated to providing flexible financing solutions to an extensive list of Fortune 500 clients. For further information about ATEL Capital Group or ATEL Leasing Corporation, contact Ken Fosina at 415-616-3486. You may also visit our website at www.atel.com
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| Contact Name: | ken fosina |
| Phone Number: | 415-616-3486 |
| E-mail: | mlynch@atel.com |
Source: http://www.elfaonline.org/news/indnews/news_report.cfm?id=20759
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