Attached files
| file | filename |
|---|---|
| 8-K - MACQUARIE EQUIPMENT LEASING FUND, LLC 8-K - Macquarie Equipment Leasing Fund, LLC | macquarie8k082410.htm |
Exhibit
99.1
Macquarie
Group of Companies
Media
Release
Macquarie
Equipment Leasing Fund, LLC
RECENT TRANSACTION - INVESTMENTIN A PORTFOLIO OF COMMERCIAL JET
AIRCRAFT ENGINES
BOSTON, August 24, 2010 - In
accordance with the terms of its Operating Agreement, Macquarie Equipment
Leasing Fund, LLC (“the Fund”) recently entered into a participation agreement
with Macquarie Bank Limited and invested in a portfolio of eight commercial jet
aircraft engines. The engines, purchased by a wholly owned member of the
Macquarie Group Limited group of companies (“Macquarie Group”), are subject to
leases of between 51 and 69 months to a major Australian commercial passenger
airline. Six of the engines were manufactured by CFM International, Inc. (a
joint venture between General Electric and SNECMA, a French Government owned
engine manufacturer) for use on Boeing 737 New Generation aircraft, and two of
the engines were manufactured by General Electric for use on the Embraer 190 and
195 aircraft. The engines have a remaining useful life of between approximately
15 and 30 years. The Fund paid a participation price of $6.5 million dollars to
Macquarie, representing approximately 10% of the costs incurred to purchase the
engines.
MELF is
managed by Macquarie Asset Management Inc. (MAMI), a wholly owned Macquarie
entity. The offering is being made only by means of a prospectus, copies of
which may be obtained from Macquarie Capital (USA) Inc., the dealer-manager for
the offering, at:
Macquarie Capital (USA) Inc.
125 West
55th Street, 22nd Floor
New York,
NY 10019
(866-965-7622)
A
registration statement relating to the limited liability company shares was
declared effective by the Securities and Exchange Commission on June 19, 2010.
This press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.
About
MAMI / Macquarie Group
Macquarie
Asset Management Inc. (MAMI) is a part of Macquarie’s Corporate and Asset
Finance Division, which employs over 600 employees located in North America,
Europe, Asia and Australia / New Zealand.
Macquarie
Group is a diversified international provider of banking, financial, leasing,
advisory and investment services. Macquarie has assets under management of
approximately $313 billion and operates in more than 70 locations across 28
countries (as of March 31, 2009).
For
further information, please contact:
|
Stephen
Yan
Corporate
Communications, Macquarie Group
Tel:
+1 212 231 1310
Email:
stephen.yan@macquarie.com
|