Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Subsequent Events [Text Block]

(14)    Subsequent Events

On October 18, 2012, CAL Funding II Limited, a wholly owned indirect subsidiary of CAI, issued $171.0 million of 3.47% fixed rate asset-backed notes (Notes). Principal and interest on the Notes is payable monthly commencing on November 26, 2012, and the Notes mature in October 2027. The proceeds from the Notes were used to repay part of the Company's borrowings under its revolving credit facility.

On October 19, 2012, CAL completed the acquisition of approximately 71,000 TEUs of container assets for a net cost of $83.6 million from Dritte Schroeder Container Beteiligungsgesellschaft mbH & CO. KG and its affiliate, Schroeder Leasing GMBH & Co. KG. Prior to the purchase, the Company managed these containers on behalf of the previous owners.