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Stock Market & Financial Investment News

News Breaks
February 13, 2013
09:29 EDTTGHTextainer weakness creates buying opportunity, says Sterne Agee
Sterne Agee believes that demand is outpacing Textainer's fleet growth, and the firm maintains a Buy rating on the stock.
News For TGH From The Last 14 Days
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September 16, 2014
08:35 EDTTGHTextainer refinances $1.2B warehouse financing facility
Textainer announced that Textainer Marine Containers, an indirect, wholly-owned subsidiary of the Company, entered into an amendment to extend its $1.2B warehouse securitization facility incorporating a three-year revolving period and also lowering the interest rate on the facility to 1.70% over LIBOR during the new revolving period. If the facility is not refinanced or renewed following the three-year revolving period that ends in September 2017, the facility is structured to partially amortize over the following four years and then mature. Previously the facility had a two-year revolving period and was priced at 1.95% over LIBOR. The company also lowered the facility’s unused fee and improved other terms.

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