Sharenet Sites 
Sharenet Sites
Trencor's Textainer extends and reprices US$300 million revolving credit facility
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
TRENCOR'S TEXTAINER EXTENDS AND REPRICES US$300 MILLION REVOLVING CREDIT FACILITY
We draw attention to the following news release issued by Textainer Group Holdings
Limited, in which Trencor has a 47,87% beneficiary interest:
"Hamilton, Bermuda - (Business Wire) - Feb. 5, 2015 - Textainer Group Holdings
Limited (NYSE: TGH) ("Textainer" or the "Company"), the world's largest lessor of
intermodal containers based on fleet size, today announced the closing of an amendment
to extend the term and lower the interest rate on a $300 million revolving credit facility
used to finance seasoned income producing intermodal shipping containers.
Textainer Marine Containers IV Limited ("TMCL IV"), an indirect wholly-owned
subsidiary of the Company, extended and amended the facility with Royal Bank of
Canada, SunTrust Bank, ABN AMRO Capital USA LLC, and PNC Bank National
Association. The interest rate on the TMCL IV facility was lowered to 1.95% over
LIBOR during an initial three-year revolving period. Previously the facility was at 2.25%
over LIBOR with a two-year revolving period. If the TMCL IV facility is not refinanced
or renewed following this three-year period, the interest rate increases to 2.95% over
LIBOR and the facility is structured to partially amortize over the next two years and then
mature. The Company also lowered the facility's unused fee and improved other terms.
TMCL IV will continue to use the proceeds of the facility to acquire and fund intermodal
shipping containers that are at least five years old from Textainer's other container
owning subsidiaries.
"We are pleased to complete the refinancing of this credit facility at very favorable rates
and improved terms," commented Hilliard C. Terry, III, Textainer's Executive Vice
President and Chief Financial Officer. "This facility gives us more capacity to finance
older income producing containers and provides additional flexibility to our capital
structure. We appreciate the support of our existing and new banking partners in this
endeavor."
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
6 February 2015
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
Date: 06/02/2015 10:20:00 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.
