ATEL Capital Group Announces ATEL 15, LLC
On October 28th ATEL 15, LLC (“ATEL 15”) 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 investment-grade U.S. corporations. ATEL 15 will raise $150 million of equity and acquire a $300 million-plus portfolio of equipment and other assets. ATEL 15 is ATEL Capital Group’s (“ATEL”) 21st syndicated program, including 13 prior public programs.
Dean Cash, President and CEO of ATEL , states, “We are pleased to be offering such an exciting program at a time of great opportunity to provide the liquidity needed by American businesses in light of the banking industry retrenchment.”
Since 1977, ATEL has priced, structured, arranged and managed over $40 billion of equipment financing and is one of the largest independent financial services companies in the United States. ATEL ‘s public SEC-registered equipment leasing programs as well as six prior private growth capital investment programs, have attracted over 45,000 investors. Additional information about ATEL Capital Group can be found on the Company’s web site at www.atel.com.
For further information about ATEL 15, contact John Hart, National Sales Manager, ATEL Securities Corporation at (415) 616-3458 or Jim Ryan, Executive Vice President, ATEL Securities Corporation at (415) 616-3415.