Textainer conducts early redemption of senior secured term loans

Chicago, Aug. 20 – Textainer Group Holdings Ltd. announced that its indirect, wholly owned subsidiary Textainer Marine Containers VI Ltd. has redeemed early $208 million of senior secured term loans with an average interest rate of 4.3% due February 2025, according to a press release.

Textainer made a make-whole payment of approximately $11 million for the redemption.

There was an additional incurrence of $1 million of unamortized debt issuance costs.

Borrowings from lower-priced existing debt facilities were used to pay the outstanding principal on the term loans and the make-whole payment.

Based in Hamilton, Bermuda, Textainer leases intermodal containers.

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