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TRENCOR LIMITED - Textainer refinances its US$1,2 billion warehouse financing facility

Release Date: 07/09/2017 10:45
Code(s): TRE     PDF:  
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Textainer refinances its US$1,2 billion warehouse financing facility

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

TEXTAINER REFINANCES ITS US$1,2 BILLION WAREHOUSE FINANCING
FACILITY

We draw attention to the following news release issued by Textainer Group Holdings
Limited, in which Trencor has a 48% beneficiary interest:

“Hamilton, Bermuda - (Business Wire) - Sep. 6, 2017 - Textainer Group Holdings Limited
(NYSE: TGH) (“Textainer” or the “Company”), one of the world’s largest lessors of
intermodal containers, today announced that Textainer Marine Containers II Limited (“TMCL
II”), an indirect, wholly-owned subsidiary of the Company, closed a refinancing to extend the
term and lower the interest rate on its $1.2 billion warehouse financing facility used to acquire
intermodal containers.

The facility incorporates a three-year revolving period that was extended to August 2020. If not
refinanced or renewed following the three-year revolving period, the facility will partially
amortize over the following four years and then mature. Pricing on the facility consists of a
spread over the London Interbank Offered Rate (LIBOR). The spread was reduced from 2.25%
to 1.90%.

“The warehouse facility is a key financing vehicle and the refinanced terms improve our
funding costs and provide capacity for increased fleet growth in a very strong market,”
commented Hilliard C. Terry, III, Textainer Executive Vice President and Chief Financial
Officer.

The existing syndicate of lenders, consisting of Wells Fargo Bank, National Association; ABN
AMRO Capital USA LLC; Bank of America; ING Bank Belgium NV/SA, N.A.; Royal Bank
of Canada; SunTrust Bank; and KeyBank National Association, is joined by the addition of
PNC Bank, National Association; Fifth Third Bank; and Everbank Commercial Finance Inc.

“We value the partnership and support of our new and long term banking relationships,”
concluded Mr. Terry.

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
7 September 2017

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

www.trencor.net

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