Financing ·
Trinity Industries subsidiary borrows $349.8M term loan to fund railcar portfolio acquisition
TRNTrinity Industries Inc
Trinity Rail Leasing 2026 LLC, a wholly-owned indirect subsidiary of Trinity Industries, Inc., entered into a Term Loan Agreement with Regions Bank and other lenders on October 19, 2026. The company completed the initial funding of a $349.8 million term loan maturing on October 19, 2031, bearing interest at daily simple SOFR plus 1.30% per annum. Proceeds were used to acquire an initial portfolio of railcars and related operating leases from affiliates, while net proceeds from the sale funded repayments under a warehouse credit facility and redeemed $280.9 million in outstanding Series 2019-2 Secured Railcar Equipment Notes. The loan includes an accordion feature for an additional $300.0 million subject to certain conditions. Trinity Industries, Inc. manufactures railcars and related equipment.