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Stock impact report

Textainer Extends and Reprices its $1.2 Billion Warehouse Facility

Textainer Group Holdings Limited Common Shares (TGH) 
Last textainer group holdings limited common shares earnings: 10/31 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.textainer.com/investor-overview
Company Research Source: PR Newswire
HAMILTON, Bermuda, July 29, 2019 /PRNewswire/ -- 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 extend the term and lower pricing on its $1.2 billion warehouse facility used to acquire intermodal containers. The facility incorporates a three-year revolving period that was extended to July 2022.  If not refinanced or renewed following the three-year revolving period, the facility will partially amortize over the following four years and then mature on July 2026. Pricing on the facility consists of a spread over the London Interbank Offered Rate (LIBOR). The spread was reduced from 1.90% to 1.75%."We are pleased with the successful extension of our warehouse facility and the continued support of our bank group. The attractive terms and pricing of this facility impro Show less Read more
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