Textainer Group Holdings closed an amendment to extend the term and lower the interest rate on Textainer Limited’s $700 million revolver. Bank of America is serving as administrative agent.
Textainer Group Holdings closed an amendment to extend the term and lower the interest rate on a $300 million revolver to finance seasoned income producing intermodal shipping containers.
Textainer Group Holdings said that its TAP Funding subsidiary entered into a $170 million revolver with a group of financial institutions led by ABN AMRO Capital. Pricing was 200 BPS over LIBOR versus 375 BPS previously.