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Beacon Prices Lowest Yielding Container ABS Deal To Date in 2012

BOSTON--(BUSINESS WIRE)-- Beacon Intermodal Leasing, LLC, a global marine container leasing company, has announced that its subsidiary, Beacon Container Finance LLC has successfully completed a $250-million asset-backed bond placement. The Series 2012-1 Fixed Rate Secured Notes were rated “A(sf)” by Standard and Poor’s and Kroll Ratings and have an annual fixed interest rate of 3.72%. Beacon will use the proceeds to purchase new containers and for general corporate purposes. Deutsche Bank was sole structuring agent and joint bookrunner and was joined by Wells Fargo Securities who acted as joint bookrunner.

The bond placement marks the first time that Beacon has gone to market for funding since it was established in 2008. To date, the company has been funded through its parent company, BTMU Capital Corporation. Jeffrey Gannon, President of Beacon, said, “The bond offering marks an important step for Beacon, as it provides the company with an alternative source of capital, which, when combined with the continued capital support from our parent company, provides a strong foundation to sustain our growing business into the future.” Daniel DeBlasio, Beacon’s SVP, Finance and Operations, added: “The fact that Beacon, as a first-time issuer, could successfully raise capital so soon after starting its business in 2008 is a testament to the support of our parent company and the overall successful execution of our business plan. We are pleased with the positive reception of the institutional investor community to our bond offering.”

About Beacon Intermodal Leasing LLC

Beacon is a global marine container leasing company and wholly owned subsidiary of BTMU Capital Corporation which is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., Japan’s premier bank. For more information on Beacon, please visit http://www.beaconintermodal.com.

Beacon Intermodal Leasing LLC
Jeffrey Gannon, +1-617-345-5277
jgannon@beaconintermodal.com

Source: Beacon Intermodal Leasing, LLC