Just one day before heading to the tropics for this fall's batch of conferences, Interpool Inc. and investment bank Wachovia Securities clinched the second phase of a groundbreaking $540 million chassis securitization, structuring and placing equity with a pair of leveraged-lease investors.

The transaction, which has been in the works for well over a year, collateralizes the lease payments coming off a portfolio of shipping-container railcar chassis. Such chassis are used for ground transport of the shipping/cargo containers.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.