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Green EnviroTech Holdings, Corp. signs a $100 million lease and working capital credit facility from READS Leasing and Credit, LLC; and secures the first commitment and immediate draw of $2.5 million.
On July 7, 2014, Canadian equipment and vehicle financier Element Financial Corp. acquired PHH Arval from PHH Corp. for $1.4 billion. A new fleet management company called Element Fleet Management emerged from the transaction.