Investor Presentaiton
Textainer Capitalization
Outstanding borrowings by source
Shareholders' equity
Class
Ticker
Details
ABS notes
$2,484M
46%
Fixed-rate debt
Common shares
TGH (NYSE);
TXT (JSE)1
Term loans
$372M
7%
Preferred shares
Warehouse facility
$1,233M
23%
Floating-rate debt
(largely fixed with
interest rate swaps)
TGH.PRA (NYSE)
TGH.PRB (NYSE)
Revolver facility
24%
$1,288M
$5,377M
☐
Debt sourced from well diversified sources.
"
☐
Our warehouse and revolver facilities have a total
commitment capacity of $3.4 billion with a syndicate
of 17 domestic and foreign banks.
Our ABS notes and Term loans are supported by a
wide group of investors including life insurance
companies, asset managers and banks.
☐
42M shares outstanding at
1Q23
$150M, 7.00% cumulative
redeemable perpetual
shares (Series A)
$150M, 6.25% cumulative
redeemable perpetual
shares (Series B)
Common shareholders consist of a diversified group of
investors. As of the last reporting date, the top 30
investors held more than half of the common shares
outstanding.
Common dividend and active share repurchase programs
to return capital to our common shareholders.
1)
In December 2019, we completed a secondary listing of our common shares in the JSE to unbundle shares previously owned by a single shareholder. The unbundled shares, which represented
48% of our outstanding shares at the time, were distributed among a wide group of individual and institutional investors in South Africa.
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