June 21, 2016
ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of a $10.85 million lease transaction with Waste Management of New York. This latest transaction involves the financing of over 1,000 intermodal waste containers to be used as part of the City’s ambitious plan to improve the export infrastructure for the Department of Sanitation.
“ATEL is very pleased to play a part in Waste Management’s ambitious and significant plan” said Ken Fosina, Executive President, ATEL Capital Group. “ATEL’s expertise with hard assets and servicing the needs of Fortune 500 customers led to the successful completion of this transaction.”
Waste Management serves more than 21 million customers in the U.S. and Canada and has the largest network of recycling facilities, transfer stations and landfills in the industry. Among its many services, the company manages more than 15 million tons of recycling annually.