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