SeaCube Container Reports Closing Of $225 Mln "A" Rated Fixed Rate Secured Notes

6/21/2012 4:57 PM ET

SeaCube Container Leasing Ltd. (BOX: Quote) announced that its subsidiary, CLI Funding V LLC, successfully completed an offering of $225 million aggregate principal amount of Series 2012-1 Fixed Rate Secured Notes on June 21, 2012.

The Series 2012-1 Notes were rated "A" by Standard & Poor's and have an annual interest rate of 4.21%. SeaCube will use the proceeds of the offering for additional container purchases and other general business purposes.

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