Cronos Containers is getting ready to set sail with a $207 million marine cargo container lease securitization, according to a presale report published by Standard & Poor’s.

The deal, Cronos Containers Program I (Series 2014-1) will be collateralized by an approximately $848 million net book value portfolio containing 182,524 containers, a mix of dry-freight containers, refrigerated containers, tanks, cellular pallet-wide containers, half-height containers, among other types.  Of these containers, 172,077 units are currently out on lease or a new factory unit.  The remaining 10,447 are not leased. 

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