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ATEL Leasing Corporation is has appointed Brian De La Houssaye to manage the Energy Finance division. De La Houssaye will be responsible for building the portfolio with targeted equipment financings for energy-related companies, utilities and energy-related assets.
The focus will be on coal-fired and natural gas-fired electrical generation equipment, offshore supply vessels, oil and gas compression equipment, transportation equipment and land-based drilling rigs, as well as upstream and downstream infrastructure assets.
De La Houssaye has held a number of senior management, syndications and sales positions at firms such as Bank One, Fleet Capital, Bell Atlantic and Cargill. He has successfully financed a number of large coal mining projects, oil and gas pipelines, refineries and oil-field equipment including pioneering the use of leasing for refinery catalysts.
ATEL said his in-depth knowledge of energy equipment, tax and accounting guidelines, players within the energy industry and the capital markets that serve this sector is a great fit for growing the company’s energy finance portfolio.
“The energy finance sector touches all of our investing bases; strong creditworthy lessees, fair market value structured leases, long-lived infrastructure equipment and consistent cash flow. We are confident that Brian’s experience, personality, work ethic and relationships in the capital markets arena and with oil, gas and coal producers will allow us to aggressively grow our energy finance division,” said Bill Bullock, national sales manager.
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