On April 1st, 2026, The InStar Group, LLC (« InStar »), InStar Leasing V, LLC and InStar Railcar Group Canada II, LP announced the closing of a $301 million Railcar ABS financing. CIC, through its New York branch, is providing a Liquidity Facility for $11.9 million.
The financing is secured by a portfolio of 4,083 leased railcars, valued at $414 million and serviced by InStar.
The ABS financing includes:
- $272 million Class A Notes rated AA by S&P & $29 million Class B Notes rated A by S&P
- $11.9 million Liquidity Facility sized to nine-months interest on the Class A & B Notes, in order to ensure timely payment of interest and senior expenses
