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ECN Capital completes sale of rail finance assets to Trinity Industries Leasing

ECN Capital Corp. on Oct. 17 said that it has completed the sale of 55% of its rail finance assets, Element Rail Leasing I, to affiliates of Trinity Industries Leasing Co. Inc.

In September, the company announced that it agreed to sell C$360 million of railcar assets to free up equity capital to be used for redeployment.