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CAI International unit completes offering of asset-backed notes

CAI International Inc.'s indirect wholly owned subsidiary, CAL Funding III Ltd., issued $332 million of 3.96% series 2018-1 fixed rate asset-backed notes, class A, and $16.9 million of 4.80% series 2018-1 fixed rate asset-backed notes, class B.

The notes have a scheduled maturity date of Feb. 25, 2028, and a legal final maturity date of Feb. 25, 2039.