Report of Foreign Issuer (6-k)
September 12 2016 - 6:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
September 9, 2016
Commission File Number 001-33725
Textainer
Group Holdings Limited
(Translation of Registrants name into English)
Century House
16
Par-La-Ville Road
Hamilton HM 08
Bermuda
(441) 296-2500
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):
¨
Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes
¨
No
x
If Yes is
marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable
On September 9, 2016, Textainer Group Holdings Limited added an additional page to the August 2016 Investor
Presentation posted to Textainers website (
www.textainer.com
) addressing the recent bankruptcy filing of Hanjin Shipping Co., Ltd. A copy of this additional page is furnished with this report as Exhibit 1.
The information in this report, including the attached exhibit, shall not be deemed filed for the purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability specified in that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be
set forth by specific reference in such filing.
1
Exhibit 1 Slide Titled Update on Hanjin Shipping Bankruptcy
2
Update on Hanjin Shipping Bankruptcy On
August 31, 2016, Hanjin Shipping Co., Ltd. (“Hanjin”) filed in South Korea for protection from its creditors, and a receiver was appointed on September 1st. On September 2, 2016 Hanjin also filed for protection in the U.S. under Chapter
15 of the U.S. Bankruptcy Code. The situation is evolving rapidly and causing substantial trade disruptions. At this time it is not clear if Hanjin will be able to restructure and resume operations under court protection or will be forced to
liquidate in bankruptcy. As of September 2, 2016, the containers leased to Hanjin with ownership interests attributable to Textainer represent approximately 4.8% of Textainer’s total owned and managed fleet in twenty-foot equivalent units
(TEU). Textainer may incur significant costs from the Hanjin bankruptcy whether or not Hanjin continues operations or is liquidated, including: A portion or all of the receivables due from Hanjin may not be collectible. Significant costs may be
incurred in recovering, repairing, repositioning and re-leasing those containers leased to Hanjin and the rates achieved for re-leased containers may be substantially below the lease rates paid by Hanjin. Textainer maintains insurance that covers
certain losses and costs incurred due to customer default. However, this insurance has material deductibles, exclusions and limitations, and therefore may not fully protect Textainer from losses arising from the Hanjin default. At this time
Textainer is unable to quantify the financial impact related to Hanjin’s recent filings. Exhibit 1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: September 9, 2016
|
|
|
Textainer Group Holdings Limited
|
|
|
By:
|
|
/s/ Daniel Cohen
|
|
|
Daniel Cohen
Vice President and General
Counsel
|
3
Textainer (NYSE:TGH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Textainer (NYSE:TGH)
Historical Stock Chart
From Sep 2023 to Sep 2024