Textainer Group Holdings Limited Announces Extension and Size Increase of Its Securitization Facility

HAMILTON, Bermuda–(BUSINESS WIRE)–Textainer Group Holdings Limited (NYSE:TGH – News) (“Textainer”), the world’s largest lessor of intermodal containers based on fleet size, today announced that Textainer Marine Containers Limited (“TMCL”), Textainer’s primary asset owning subsidiary, extended and increased the size of its securitization facility. The total commitment under the securitization facility was increased from $300 million to $475 million. The interest rate is 1.25% over LIBOR during an initial two-year revolving period. If the securitization facility is not refinanced or renewed during this two-year period, the interest rate will increase and the facility will stop revolving and begin amortizing over a term that is scheduled to be 10 years but not to exceed 15 years.