On Tuesday, November 5, 2013 ATEL 16, LLC (“ATEL 16”) was declared
effective by the U. S. Securities and Exchange Commission. The Fund was
formed to invest primarily in a diversified portfolio of low tech equipment
leased to major U.S. corporations who are considered “High Quality
Corporate Credits”. ATEL 16 will have an offering of $150 million of equity
and is ATEL Capital Group’s (“ATEL”) 23rd syndicated program, including 14
prior public programs.“We are proud to announce the release of ATEL 16 to the investment public,”
said Dean Cash, President and CEO of ATEL. “In the face of unpredictable
economic conditions, diversification is essential to maintaining a healthy
and well-balanced investment portfolio. ATEL 16 will offer our investors
the opportunity to enhance the diversification of their investment
portfolio while potentially reducing portfolio volatility. ATEL continues
the company’s long standing mission to care for our investors and help them
achieve their financial objectives.”Since 1977, ATEL has priced, structured, arranged, and managed billions of
dollars of equipment financing and is one of the largest independent
financial services companies in the United States. ATEL‘s public
SEC-registered equipment financing programs, as well as seven prior private
growth capital investment programs, have attracted over 50,000 investors.
ATEL Securities Corporation focuses on raising capital from both public and
institutional investors to provide financial solutions for the next century.