Transportation Equipment Leasing Company Announces Preferred

CAI International (NYSE:CAI) which owns a large fleet of shipping containers and rail cars has announced a new fixed-to-floating rate preferred offereing.

At first glance the issue appears to be typical–perpetual, redeemable in 5 years etc., but the issue has not yet been priced nor has the number of shares been announced.

Preliminary prospectus for the issue can be found here.

We will post more information when it is announced.

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