Element Rail Leasing is trundling into the market with securitization of railcars, according to a presale from Standard & Poor’s.

The deal totals $340.3 million and is divided into an ‘A (sf)-rated tranche for $87.5 million, another ‘A (sf)’ piece for $220.8 million, and a ‘BBB (sf)’ tranche for $32 million.

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