This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Textainer Group Holdings Limited Announces Closing Of Offering Of 8,625,000 Common Shares

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, 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; Wells Fargo Securities, attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, phone: (800) 326-5897, email:; 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

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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs