Textainer Group, a lessor of intermodal containers, has amended its $1.2 billion warehouse securitization facility, extending the term and lowering the interest rate.

The term of the facility, currently two years, has been extended by an additional year, to May 2015, according to a press release issued today. The interest rate was lowered to 1.95% over LIBOR from 2.62% over LIBOR previously.

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