To view the PDF file, sign up for a MySharenet subscription.

TEXTAINER GROUP HOLDINGS LIMITED - Textainer renews and extends its $1.5 Billion warehouse facility

Release Date: 17/11/2021 08:01
Code(s): TXT     PDF:  
Wrap Text
Textainer renews and extends its $1.5 Billion warehouse facility

Incorporated in Bermuda
Company number: EC18896
NYSE share code: TGH
JSE share code: TXT
ISIN: BMG8766E1093
(“Textainer”, “the Company”, “we” and “our””)

Textainer Renews and Extends its $1.5 Billion Warehouse Facility

HAMILTON, Bermuda – November 16, 2021 – Textainer Group Holdings Limited (NYSE:TGH)
(“Textainer”), one of the world’s largest lessors of intermodal containers, today announced that Textainer
Marine Containers II Limited ("TMCL II"), an indirect, wholly-owned subsidiary of the Company,
completed an amendment to renew and extend the term on its $1.5 billion warehouse facility used to acquire
intermodal containers.

The facility incorporates a three-year revolving period that was extended to November 2024. If not
refinanced or renewed following the three-year revolving period, the facility will partially amortize over
the following four years and then mature in November 2028. Pricing on the facility consists of a spread of
1.70% over the Secured Overnight Financing Rate (“SOFR”).

“We are very pleased with the successful completion of this renewal and the continued strong support from
our banking partners. The warehouse facility is a key financing vehicle and this renewal supports our ability
to continue investing in containers as we find attractive opportunities,” commented Michael K. Chan,
Textainer Executive Vice President and Chief Financial Officer.

About Textainer Group Holdings Limited

Textainer has operated since 1979 and is one of the world's largest lessors of intermodal containers with
approximately 4.3 million TEU in our owned and managed fleet. We lease containers to approximately 250
customers, including all of the world's leading international shipping lines, and other lessees. Our fleet
consists of standard dry freight, refrigerated intermodal containers, and dry freight specials, and we are one
of the largest and most reliable suppliers of new and used containers. Textainer operates via a network of
14 offices and approximately 400 independent depots worldwide. Textainer has a primary listing on the
New York Stock Exchange (NYSE: TGH) and a secondary listing on the Johannesburg Stock Exchange

Source: Textainer Group Holdings Limited

Contact Information
Investor Relations
+1 415-658-8333

17 November 2021
Sponsor: Investec Bank Limited

Date: 17-11-2021 08:01:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story