The facility was originally established in
“We are very pleased with the successful completion of this amendment,
the continued strong support from our current banking partners and the
addition of several new participants. The attractive pricing secured for
the next five years will help reduce our overall funding costs and
improve our ability to more competitively service our customer
requirements,” commented
In connection with the amendment, TL used proceeds from the facility to
pay in full and terminate its separate
“Expanding the facility enabled us to simplify our capital structure, refinancing under improved terms debt due to mature within the next two years, while also increasing our borrowing capacity for additional well-priced container fleet growth and flexibility,” concluded Mr. Chan.
The group of lenders includes
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20181003005272/en/
Source:
Textainer Group Holdings Limited
Michael K. Chan, +1 415-658-8261
Executive
Vice President and Chief Financial Officer
ir@textainer.com