Enterprise Fleet Management (EFM) is currently in the market with Enterprise Fleet Financing, LLC Series 2011-2. JPMorgan Securities and Bank of America Merrill Lynch are the joint bookrunners on the almost $600 million 144A transaction.
The notes are backed ultimately by a Special Unit of Benefit Interest (“SUBI”) in a static, amortizing pool of leases and related vehicles serviced by EFM.
According to a Moody's Investors Service presale report, EFM is a fleet management services provider serving commercial customers with fleets mostly in the 15- to 125-vehicle range in North America.
The company is now wholly owned by Enterprise Holdings (EHI), which in turn, is owned by The
Crawford Group. The firm is a privately held holding company whose principal asset is its ownership interests in EHI.