Wrap Text
Textainer Announces Pricing of 6,000,000 Depositary Shares Representing Interests in Series B Preference Shares
TEXTAINER GROUP HOLDINGS LIMITED
Incorporated in Bermuda
Company number: EC18896
NYSE share code: TGH
JSE share code: TXT
ISIN: BMG8766E1093
LEI: 529900OHEYRATAFMIT89
(“Textainer”, “the Company”, “we” and “our””)
Textainer Announces Pricing of 6,000,000 Depositary Shares Representing Interests
in Series B Preference Shares
HAMILTON, Bermuda – August 17, 2021 – Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT)
(“Textainer”, “we”, and “our”), one of the world’s largest lessors of intermodal containers, today announced
the pricing on August 16, 2021 of its public offering of 6,000,000 depositary shares, each representing a
1/1,000th interest in a share of its 6.250% Series B Cumulative Redeemable Perpetual Preference Shares,
par value $0.01 per share and $25,000 liquidation preference per share (equivalent to $25.00 per depositary
share), for an aggregate public offering price of $150,000,000. The 6.250% dividend rate on the Series B
Cumulative Redeemable Perpetual Preference Shares is fixed for life and does not reset. The offering is
expected to close on or about August 23, 2021, subject to satisfaction of customary closing conditions.
Textainer intends to apply to list the depositary shares on the New York Stock Exchange (“NYSE”) under
the ticker symbol “TGH PRB” and, if the application is approved, expects trading in the depositary shares
to begin within 30 days after the depositary shares are first issued.
Textainer intends to use the net proceeds from the offering for general corporate purposes, including the
purchase of additional intermodal containers, repurchasing outstanding common shares, payment of
dividends and repaying or repurchasing outstanding indebtedness. RBC Capital Markets, LLC, UBS
Securities LLC, Keefe, Bruyette & Woods, A Stifel Company and B. Riley Securities, Inc. are acting as joint
book-running managers for the offering.
The depositary shares are being offered pursuant to an effective shelf registration statement that has
previously been filed with the Securities and Exchange Commission (the “SEC”). Any offer, or solicitation
to buy, if at all, will be made solely by means of a prospectus and related prospectus supplement, as may
be supplemented by any free writing prospectus, filed with the SEC. You may obtain these documents
without charge from the SEC at www.sec.gov. Alternatively, you may request copies of these materials
from RBC Capital Markets, LLC by telephone at 1-866-375-6829, UBS Securities LLC by telephone at 1-
888-827-7275, Keefe, Bruyette & Woods, A Stifel Company by telephone at 1-800-966-1559, or B. Riley
Securities, Inc. by telephone at 1-703-312-9580.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be
unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is one of the world's largest lessors of intermodal containers with
approximately 4.1 million TEU in our owned and managed fleet. We lease containers to approximately 250
customers, including all of the world's leading international shipping lines, and other lessees. Our fleet
consists of standard dry freight, refrigerated intermodal containers, and dry freight specials, and we are one
of the largest and most reliable suppliers of new and used containers. Textainer operates via a network of
14 offices and approximately 400 independent depots worldwide. Textainer has a primary listing on the
New York Stock Exchange (NYSE: TGH) and a secondary listing on the Johannesburg Stock Exchange
(JSE: TXT).
Important Cautionary Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. securities laws. Forward-
looking statements include statements that are not statements of historical facts and include, without
limitation, statements regarding: the expected timing and completion of the issuance of the Series B
Preference Shares and depositary shares, the expected use of proceeds of the sale of the Series B Preference
Shares and depositary shares, and the anticipated listing of the Series B Preference Shares on the NYSE.
Readers are cautioned that these forward-looking statements involve risks and uncertainties, are only
predictions and may differ materially from actual future events or results. For a discussion of some of these
risks and uncertainties, see Item 3 "Key Information— Risk Factors" in Textainer's Annual Report on Form
20-F filed with the Securities and Exchange Commission on March 18, 2021 and the risks described in the
section entitled “Risk Factors” in the prospectus supplement related to the offering of the depositary shares.
Textainer's views, estimates, plans and outlook as described within this document may change subsequent
to the release of this press release. Textainer is under no obligation to modify or update any or all of the
statements it has made herein despite any subsequent changes Textainer may make in its views, estimates,
plans or outlook for the future.
Source: Textainer Group Holdings Limited
Contact Information
Investor Relations
+1 415-658-8333
ir@textainer.com
Sponsor
Investec Bank Limited
Date: 17-08-2021 02:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
