March 27 (Reuters) - Element Fleet Management Corp EFN.TO :
* ELEMENT FLEET MANAGEMENT CORP. ANNOUNCES $150 MILLION CONVERTIBLE DEBENTURE BOUGHT DEAL
* ELEMENT FLEET MANAGEMENT CORP - DEBENTURES WILL MATURE ON JUNE 30, 2024
* ELEMENT FLEET - INTENDS TO USE PROCEEDS, WITH OTHER SOURCES, TO REPAY OUTSTANDING $345 MILLION OF 5.125% UNSECURED DEBENTURES THAT MATURE ON JUNE 30
* ELEMENT FLEET - ANNOUNCED PUBLIC OFFERING ON "BOUGHT DEAL" BASIS OF $150 MILLION DEBENTURES WITH INTEREST RATE OF 4.25% PER ANNUM