Date: Fri, 19 Dec 1997 17:01:24 GMT Server: Apache/1.2.1 Last-Modified: Fri, 15 Aug 1997 21:42:45 GMT ETag: "7fda7-29b6-33f4cd55" Content-Length: 10678 Accept-Ranges: bytes Connection: close Content-Type: text/html PLMI Subsisdiaries

The PLMI Subsidiaries

(alphabetical)


PLM International, Inc. (PLMI)

PLM International is a diversified equipment leasing company providing services to transportation, industrial, and commercial companies. With a combined owned and managed portfolio of approximately $1.3 billion in equipment, PLM International operates one of the 25 largest asset leasing pools in the United States today. PLMI specializes in creating equipment leasing solutions for domestic and international customers.

PLMI Organizational Chart

The organizational chart shows PLM International’s primary subsidiaries. All entities are owned in full by PLMI, except for Aeromil Holdings, Inc., which is 80% owned. The descriptions that follow are in alphabetical order.

Aeromil Holdings, Inc.

Aeromil Holdings, Inc., headquartered in Maroochydore, Australia, is 80% owned by the Company. Aeromil owns several operating companies engaged in the leasing and brokerage of corporate, commuter, and commercial aircraft and spare parts in international markets.

AFG Credit Corp.

AFG Credit Corp., a subsidiary of American Finance Group Inc., owns new commercial and industrial equipment, such as data processing, communications, materials handling, and construction equipment, which are financed by a securitization facility for PLMI’s own account. The majority of these leases are accounted for as direct finance leases.

American Finance Group, Inc. (AFG)

American Finance Group, Inc., headquartered in Boston, originates and manages lease transactions on new commercial and industrial equipment, such as data processing, communications, materials handling, and construction equipment, which are financed by a securitization facility for the Company’s own account or sold to an institutional investment program or other investors. The majority of these leases are accounted for as direct finance leases. Periodically, AFG will use its short-term loan facility to finance the acquisition of the assets subject to these leases prior to sale or permanent financing by the securitization facility.

PLM Financial Services, Inc. (FSI)

PLM Financial Services, Inc., along with its primary subsidiaries, PLM Transportation Equipment Corporation, PLM Securities Corp., and PLM Investment Management, Inc., focuses on the management of investment programs, including limited liability companies, limited partnerships, and private placement programs, which acquire and lease primarily used transportation and related equipment. Depending on the objectives of the particular program, the programs feature various combinations of current cash flow and income tax benefits through investments in long-lived, low-obsolescence transportation and related equipment. Cumulative equity raised by PLM International for its affiliated investment programs is $1.7 billion.

PLM Investment Management, Inc. (IMI)

PLM Investment Management, Inc. manages equipment owned by PLMI and by investors in the various investment programs. IMI is responsible for invoicing and collecting rents; arranging for maintenance and repair of equipment; paying operating expenses, debt service, and certain taxes; determining that equipment is used in accordance with all operative contractual arrangements; arranging insurance as appropriate; providing or arranging for clerical and administrative services necessary to the operation of the equipment; corresponding with program investors; preparing quarterly and annual financial statements and tax information materials; and making distributions to investors. IMI also monitors equipment regulatory requirements and compliance with investor program debt covenants and terms of the limited partnership agreements.

PLM Railcar Management Services, Inc. (RMSI)

PLM Railcar Management Services, Inc. markets and manages railcar fleets that are owned by PLMI and the various investment programs. RMSI is also involved in negotiating the purchase and sale of railcars on behalf of IMI. For information on business sites, return to the Locator Map and click on Locations for RMSI on the PLMI Equipment page.

PLM Railcar Management Services Canada, Limited
(RMSI Canada)

PLM Railcar Management Services Canada, Limited, a wholly-owned subsidiary of WMS, headquartered in Calgary, Alberta, Canada, provides fleet management services on behalf of IMI to the owned and managed railcars operating in Canada. For information on business sites, return to the Locator Map and click on Locations for RMSI on the PLMI Equipment page.

PLM Rental, Inc., dba PLM Trailer Leasing

PLM Rental, doing business as PLM Trailer Leasing, markets trailers and storage units owned by PLMI and its affiliated investor programs on short-term and mid-term operating leases through a network of rental facilities. Presently, facilities are located in Atlanta, Chicago, Dallas, Detroit, Indianapolis, Kansas City, Miami, Newark, Orlando, and Tampa. For information on business sites, return to the Locator Map and click on Locations for RMSI on the PLMI Equipment page.

PLM Securities Corp.

PLM Securities Corp. formerly marketed investment programs through unaffiliated broker-dealers and financial planning firms throughout the United States. PLM Securities suspended syndication activities on May 14, 1996.

PLM Transportation Equipment Corporation (TEC)

PLM Transportation Equipment Corporation (TEC) is responsible for the selection, negotiation and purchase, initial lease and re-lease, and sale of equipment. This process includes identifying prospective lessees; analyzing lessees’ creditworthiness; negotiating lease terms; negotiating with equipment owners, manufacturers, or dealers for the purchase, delivery, and inspection of equipment; preparing debt-offering materials; and negotiating loans. TEC purchases transportation equipment for PLM International’s own portfolio and on an interim basis for resale to various affiliated limited partnerships at cost or to third parties. TEC is located in the San Francisco headquarters of PLMI.

PLM Worldwide Management Services Limited (WMS)

PLM Worldwide Management Services Limited, a wholly-owned subsidiary of PLMI, is a Bermuda-based holding company that serves as the parent of several PLMI foreign operating entities and generates revenue from certain equipment leasing and brokering activities.

Transportation Equipment Indemnity Company, Ltd. (TEI)

Transportation Equipment Indemnity Company, Ltd., a wholly-owned subsidiary of WMS, is a Bermuda-based insurance company licensed to underwrite a full range of insurance products, including property and casualty risk. TEI’s primary objective is to minimize both the long-term and short-term cost of insurance coverages for all owned and managed equipment. A substantial portion of the risks underwritten by TEI is reinsured with unaffiliated underwriters.


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