Textainer Group Holdings Limited (NYSE:TGH) (“Textainer” or the “Company”), the world’s largest lessor of intermodal containers based on fleet size, today announced the closing of an underwritten public offering of an aggregate of 8,625,000 of its common shares at a price to the public of $31.50 per share. Of the common shares sold, the Company sold 6,125,000 common shares, which includes 1,125,000 common shares sold to the underwriters pursuant to the full exercise of their option to purchase additional shares, and Halco Holdings Inc (the “selling shareholder”) sold 2,500,000 common shares. The Company received $185,220,000 and the selling shareholder received $75,600,000, in each case net of underwriting discount and before expenses.
The Company intends to use all of the net proceeds from this offering for capital expenditures and general corporate purposes. The Company did not receive any of the proceeds from the sale of common shares by the selling shareholder.
BofA Merrill Lynch, Wells Fargo Securities and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering.
The common shares were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC"). A copy of the final prospectus supplement and accompanying base prospectus for the offering have been filed with the SEC and may be obtained by visiting EDGAR on the SEC's website, www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the related base prospectus may be obtained by contacting: BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, attention: Prospectus Department, or e-mail firstname.lastname@example.org; Wells Fargo Securities, attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, phone: (800) 326-5897, email: email@example.com; or Credit Suisse Securities (USA) LLC, attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by calling toll-free (800) 221-1037 or by emailing firstname.lastname@example.org.This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any security of the Company nor will there be any sale of any such security in any jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer for the Company’s common shares will be made only by means of a prospectus supplement and related base prospectus or by a free writing prospectus in accordance with SEC rules.
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