Textainer extends $1.5 billion warehouse facility to 2028

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Textainer Group Holdings Ltd. announced that indirect wholly owned subsidiary Textainer Marine Containers II Ltd. extended its $1.5 billion warehouse facility to November 2024.

The facility’s three-year revolving period 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, according to a company notice.

Pricing is SOFR plus 170 basis points.

Textainer leases intermodal containers. The company is based in Hamilton, Bermuda.

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