When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TGH - Textainer increases revolver facility to $1.9B
Textainer Group Holdings Limited
Textainer Group ( NYSE: TGH ) said Wednesday its unit Textainer Ltd amended its revolver facility , increasing the commitment amount to $1.9B from $1.5B.
The facility was also extended, with a maturity date through Aug. 2027.
The benchmark interest rate has been transitioned to SOFR due to the upcoming LIBOR discontinuation.
So, the applicable interest rate was amended to the daily SOFR, plus a spread of 1.475% payable monthly in arrears.