TRAC Intermodal LLC and TRAC Intermodal Corp. Announce Results of the Exchange Offer for their 11.0% Senior Secured Notes due 2019

PRINCETON, N.J., July 8, 2013 /PRNewswire/ -- TRAC Intermodal LLC and TRAC Intermodal Corp. (together, the "Company"), of which TRAC Intermodal LLC wholly owns Interpool, Inc. ("TRAC Intermodal"), the largest intermodal chassis solutions provider, measured by total assets, for domestic and international transportation companies in North America, today announced the final results of the registered exchange offer for all of the Company's outstanding 11.0% Senior Secured Notes due 2019 (the "Initial Notes"), which are not registered under the Securities Act of 1933, as amended (the "Act"), for an equal principal amount of their 11.0% Senior Secured Notes due 2019, which have been registered under the Act (the "New Notes").

The exchange offer commenced on June 6, 2013 and expired at 11:59 p.m., New York City time, on July 5, 2013. Based on information provided by Wells Fargo Bank, N.A., the exchange agent for the exchange offer, as of the expiration date $300,000,000 aggregate principal amount of the Initial Notes have been validly tendered for exchange, representing 100% of the principal amount of the outstanding Initial Notes.

In accordance with the terms of the exchange offers, the Company has accepted all of the Initial Notes validly tendered and not withdrawn.

This press release does not constitute an offer to purchase any securities or the solicitation of an offer to sell any securities. The exchange offer is being made only pursuant to the prospectus dated June 6, 2013 and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

About TRAC Intermodal

TRAC Intermodal is the world's largest provider of marine and domestic chassis, measured by total assets, operating throughout the United States, Canada and Mexico. TRAC Intermodal provides long term chassis leasing and short term rentals through extensive chassis pool programs and pool/fleet management through the utilization of its proprietary PoolStat® system. TRAC Intermodal's fleet consists of approximately 300,000 chassis. TRAC Intermodal has a broad operating footprint with 546 marine, 152 domestic and 64 depot locations across North America and is the leader in providing chassis solutions to the intermodal industry.