November 5, 2013
On Tuesday, November 5, 2013 ATEL 16, LLC (“ATEL 16”) was declared effective by the U. S. Securities and Exchange Commission. The Fund was formed to invest primarily in a diversified portfolio of low tech equipment leased to major U.S. corporations who are considered “High Quality Corporate Credits”. ATEL 16 will have an offering of $150 million of equity and is ATEL Capital Group’s (“ATEL”) 23rd syndicated program, including 14 prior public programs.
“We are proud to announce the release of ATEL 16 to the investment public,” said Dean Cash, President and CEO of ATEL. “In the face of unpredictable economic conditions, diversification is essential to maintaining a healthy and well-balanced investment portfolio. ATEL 16 will offer our investors the opportunity to enhance the diversification of their investment portfolio while potentially reducing portfolio volatility. ATEL continues the company’s long standing mission to care for our investors and help them achieve their financial objectives.”
Since 1977, ATEL has priced, structured, arranged, and managed billions of dollars of equipment financing and is one of the largest independent financial services companies in the United States. ATEL‘s public SEC-registered equipment financing programs, as well as seven prior private growth capital investment programs, have attracted over 50,000 investors. ATEL Securities Corporation focuses on raising capital from both public and institutional investors to provide financial solutions for the next century.