Textainer Lines Up Financing for Older Containers
Intermodal container lessor Textainer Group Holdings said its new Textainer Marine Containers III Limited subsidiary closed its offering of $300.9 million in aggregate principal amount of Series 2013-1 Fixed Rate Asset Backed Notes. Textainer also said it recently established a…
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$300 million asset backed revolving credit facility under its new Textainer Marine Container IV Limited subsidiary. The facility provides Textainer a source of financing for a diversified pool of older containers to assist in managing the container age limits in the Company's other term and warehouse facilities, it said.