The $ 10 billion fleet management giant plans a private notes sale to support working capital and corporate initiatives as it rides a year of rising revenues and expanding global operations.
Toronto, November 20, 2025 – Element Fleet Management Corp. (TSX: EFN), a leading name in global automotive fleet services, revealed plans on Wednesday to sell senior unsecured notes through a proposed private offering, subject to market conditions. The company, valued at nearly $10 billion, has seen its stock rise more than 22 percent this year, reflecting growing investor confidence.
The upcoming notes will not be registered under the U.S. Securities Act of 1933. Instead, they will be offered to qualified institutional buyers under Rule 144A, and to investors outside the United States under Regulation S. In Canada, the offering will proceed through exemptions from standard prospectus requirements. The company has not yet disclosed the size, interest rate, or maturity details of the issuance.
According to Element Fleet Management, funds raised from the offering will support working capital and general corporate purposes. This may include paying down existing debt as the company continues to strengthen its financial position.
Element describes itself as the world’s largest publicly traded pure-play automotive fleet manager, with operations spanning North America, Australia, New Zealand, and Ireland. The company is also expanding its global reach through its Autofleet technology platform, which supports digital solutions for fleet optimization.
Its services cover a wide range of fleet needs, including vehicle acquisition, maintenance, electric vehicle integration, risk management, route planning, and remarketing. This broad portfolio has helped Element remain competitive in the fast-evolving fleet industry, which increasingly relies on digital tools and sustainability solutions.
In recent financial results, Element reported a strong third quarter for 2025. Net revenue climbed to $306 million, a 10 percent increase from last year, while earnings per share rose 14 percent to $0.33. The company attributed this momentum to ongoing digital transformation efforts and key strategic partnerships. While there were no reported mergers or acquisitions, analysts noted the company’s solid performance and focused growth strategy.
With rising demand for electric vehicle solutions, advanced fleet analytics, and mobility technology, Element Fleet Management continues to position itself as a leader in the fleet and mobility sector.
