The proceeds from the issuance of the Notes were used to pay down certain short-term debt. The Notes are secured by a pledge of TMCL V's intermodal shipping container assets.
The Notes were well received by investors, as the offering was
“This is our first ABS in over two years and follows a significant
recent improvement in the container leasing market. We were very pleased
with the execution of our Notes issuance, which is indicative of the
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of the Notes, and shall not constitute an offer, solicitation or sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
The Notes will not be registered under the Securities Act or any state
securities laws and may not be offered or sold in the
Textainer Group Holdings Limited
Hilliard C. Terry, III, +1 415-658-8214
Executive Vice President and Chief Financial Officer