Sharenet Sites 
Sharenet Sites
Trencor’s Textainer announces the pricing of US$301,4 million series 2014-1 fixed rate asset backed notes
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)
TRENCOR’S TEXTAINER ANNOUNCES THE PRICING OF US$301,4 MILLION SERIES 2014-1 FIXED RATE ASSET BACKED NOTES
We draw attention to the following news release issued by Textainer Group Holdings
Limited, in which Trencor has a 48,1% beneficiary interest:
“Hamilton, Bermuda - (Business Wire) - Oct. 28, 2014 - Textainer Group Holdings
Limited (NYSE: TGH) (“Textainer”), the world’s largest lessor of intermodal containers
based on fleet size, today announced that Textainer Marine Containers III
Limited (“TMCL III”), one of Textainer’s asset owning subsidiaries, priced a private
placement of $301.4 million in aggregate principal amount of Series 2014-1 Fixed Rate
Asset Backed Notes (the “Notes”) to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933 (the “Act”) and to non-U.S. persons in accordance with
Regulation S promulgated under the Act. The Notes will be fully amortizing notes
payable on a straight-line basis over a scheduled payment term of ten years, but not to
exceed the maximum payment term of twenty-five years. The Notes have a fixed interest
rate, payable monthly, of 3.27% per annum, and are expected to be sold slightly below par
resulting in a bond equivalent yield on the Notes of 3.30% per annum.
The proceeds from the issuance of the Notes are expected to be used to acquire intermodal
shipping containers from Textainer Limited, the parent company of TMCL III and from
another Textainer subsidiary, and for general corporate purposes. The Notes are secured
by a pledge of TMCL III’s assets.
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 United States absent registration or an applicable
exemption from registration requirements of the Securities Act and applicable state laws.
Textainer Group Holdings Limited
Hilliard C. Terry, III, +1-415-658-8214
Executive Vice President and Chief Financial Officer
ir@textainer.com”
Trencor Services (Pty) Ltd
Secretaries
28 October 2014
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
Date: 28/10/2014 02:58:00 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.
