ACF Industries Enters Into Railcar Lease With GE Capital Railcar
ACF is a major independent manufacturer of specialized railcars and related products and is a significant lessor of railcars in North America. Carl C. Icahn, owner of ACF Industries, stated that "This arrangement with GE Capital gives ACF the wherewithal to remain a large and dominant factor in the railcar business while obtaining the benefits of using a large pool of capital without concern over potential short-term economic influences."
Mr. Icahn noted that GE Capital has contractually agreed to continue to use ACF's repair facilities for at least five years and has entered into a non-exclusive five-year contract to purchase ACF-manufactured railcars.
SOURCE ACF Industries, Incorporated
/CONTACT: Silvia Herrschaft of ACF, 212-702-4309/
CO: ACF Industries, Incorporated; GE Capital ST: New York IN: TRN SU:
RC-MP -- NYM089 -- 3106 03/10/97 10:40 EST http://www.prnewswire.com
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|Date:||Mar 10, 1997|
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