Container Leasing increases revolver by $30 million, extends maturity

By Toni Weeks

San Diego, June 28 - SeaCube Container Leasing Ltd. subsidiary Container Leasing International LLC amended and restated its existing revolving credit agreement on Wednesday, according to an 8-K filed by the parent company with the Securities and Exchange Commission.

The agreement increases the credit facility to $150 million from $120 million and extends the maturity date to June 27, 2015 from Nov. 3, 2013.

The interest rate is Libor plus 300 basis points.

Deutsche Bank Trust Co. Americas is the administrative agent. Deutsche Bank Securities Inc., Citigroup Global Markets, Inc. and J.P. Morgan Securities LLC are the lead arrangers. Deutsche Bank Trust Co. Americas, Citibank, NA and JPMorgan Chase Bank, NA are lenders.

The container leasing company is based in Park Ridge, N.J.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.