ALC Announces Transaction with Chiquita Corporation

ATEL Leasing Corporation (“ATEL”) is proud to announce the completion of a
$17.5MM equipment lease transaction with Chiquita. The contract calls for
ATEL to lease to Chiquita refrigerated containers for cold storage
transportation of their products.The 40 foot refrigerated MAERSK containers are equipped with a ventilation
system that is specifically required for banana transportation. The
insulated containers are used in ground and sea transportation and will
keep produce refrigerated for up to 50 days.“ATEL welcomes and is pleased to be leasing with Chiquita Brands.” said
ATEL Capital Group President and CEO, Dean Cash. “An iconic brand and a
household name, Chiquita aligns with ATEL’s directive to offer financing
solutions that fuel the growth of the American economy.”Chiquita Brands, LLC, is a leading international marketer and distributor
of bananas, salad blends and other healthy snacking products. The company
markets its healthy, fresh products under the Chiquita and Fresh Express
premium brands and other related trademarks. In the U.S. Chiquita has the
biggest market share of the banana market with 125 million cases sold
globally, followed by Del Monte (117 million) and Dole (110 million).