The Cronos Group Awarded Securitization Deal of the Year Award by Marine Money
March 15 2012 - 1:42PM
Business Wire
The Cronos Group is pleased to announce that its first
securitization transaction, launched in November 2011, has been
awarded Securitization Deal of the Year by the magazine Marine
Money.(http://www.marinemoney.com)
Cronos issued $200 million of asset backed notes which were
oversubscribed 2.2 times. The offering was rated “A” by Standard
& Poors and comprised both fixed and floating rate notes.
Book runners were Credit Suisse, BNP Paribas, Deutsche Bank
Securities, and co-managers included ING Bank, ABN AMRO Bank, DVB
Capital Markets, and KeyBanc Capital Markets.
Founded in 1978, the Cronos Group offers one of the world's
largest and most diverse container fleets. Cronos specializes in
container leasing, design, and sales, servicing the needs of more
than 450 customers in a wide variety of industries. Cronos has an
infrastructure of over 90 industry professionals, and a network of
19 offices in 18 countries, together with the industry's most
advanced IT and operations platform. http://www.cronos.com