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ECN Capital completes sale of remaining rail finance assets to GATX

ECN Capital Corp. has completed the sale of substantially all of its remaining rail finance assets to railcar leasing company GATX Corp.

In November 2018, GATX announced that it is buying a fleet of up to 3,100 railcars from ECN Capital for up to $229 million.

ECN Capital originates, manages and advises on prime credit portfolios.