HAMILTON, Bermuda, April 14, 2021 /PRNewswire/ -- Textainer
Group Holdings Limited (NYSE:TGH; JSE: TXT) ("Textainer", "we", and
"our"), one of the world's largest lessors of intermodal
containers, today announced the completion of its public offering
on April 13, 2021 of 6,000,000
depositary shares, each representing a 1/1,000th interest in a
share of its 7.00% Series A Cumulative Redeemable Perpetual
Preference Shares, par value $0.01
per share and $25,000 liquidation
preference per share (equivalent to $25.00 per depositary share), for an aggregate
public offering price of $150,000,000. Textainer intends to list the
depositary shares on the New York Stock Exchange ("NYSE") under the
ticker symbol "TGH PRA".
"We are very pleased to close our first issuance of perpetual
preferred shares," commented Olivier
Ghesquiere, President and CEO of Textainer. "We are very
pleased with the positive market reaction to this offering and
believe this is an attractively priced form of permanent capital
that is well suited to add to the capital structure we use to
finance our long-lived container assets."
Textainer intends to use the net proceeds of approximately
$144,875,000 after underwriting
commissions and estimated expenses from the offering for general
corporate purposes, including the purchase of additional intermodal
containers. RBC Capital Markets, LLC, UBS Securities LLC, Keefe,
Bruyette & Woods, A Stifel Company and B. Riley
Securities, Inc. acted as joint book-running managers for the
offering.
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is one of the world's
largest lessors of intermodal containers with approximately 3.8
million TEU in our owned and managed fleet. We lease containers to
approximately 250 customers, including all of the world's leading
international shipping lines, and other lessees. Our fleet consists
of standard dry freight, refrigerated intermodal containers, and
dry freight specials, and we are one of the largest and most
reliable suppliers of new and used containers. Textainer operates
via a network of 14 offices and approximately 500 independent
depots worldwide. Textainer has a primary listing on the New York
Stock Exchange (NYSE: TGH) and a secondary listing on the
Johannesburg Stock Exchange (JSE: TXT).
Contact Information
Investor Relations
+1 415-658-8333
ir@textainer.com
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SOURCE Textainer Group Holdings Limited