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TRENCOR LIMITED - Textainer extends and reprices its US$1,2 billion warehouse facility

Release Date: 29/07/2019 15:02
Code(s): TRE     PDF:  
 
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Textainer extends and reprices its US$1,2 billion warehouse facility

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

TEXTAINER EXTENDS AND REPRICES ITS US$1,2 BILLION WAREHOUSE FACILITY

We draw attention to the following news release issued by Textainer Group Holdings
Limited, in which Trencor has a 47,49% interest:

"Hamilton, Bermuda, July 29, 2019/PRNewswire/ - Textainer Group Holdings Limited
(NYSE: TGH) ("Textainer"), 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, completed an amendment to extend the term
and lower pricing on its $1.2 billion warehouse facility used to acquire intermodal
containers.

The facility incorporates a three-year revolving period that was extended to July 2022. If
not refinanced or renewed following the three-year revolving period, the facility will
partially amortize over the following four years and then mature on July 2026. Pricing on
the facility consists of a spread over the London Interbank Offered Rate (LIBOR). The
spread was reduced from 1.90% to 1.75%.

"We are pleased with the successful extension of our warehouse facility and the
continued support of our bank group. The attractive terms and pricing of this facility
improves Textainer's capital structure and flexibility to competitively pursue additional
intermodal container investment," commented Michael K. Chan, Textainer Executive
Vice President and Chief Financial Officer."

Contact Information
Investor Relations
+1 415-658-8333
ir@textainer.com”

Trencor Services Proprietary Limited
Secretaries

29 July 2019

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

www.trencor.net

Date: 29/07/2019 03:02:00
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