Trinity Industries Subsidiary Secures $349.8 Million Term Loan
Bitget2026/10/22 20:05- Trinity Industries subsidiary Trinity Rail Leasing 2026 closed a $349.8 million term loan on October 19, 2026.
- The loan matures October 19, 2031, and carries interest at daily simple SOFR plus 1.3% annually.
- Regions Bank serves as administrative agent; an accordion feature allows an additional $300 million, subject to approvals and conditions.
- Proceeds funded railcar and related operating lease acquisitions, including transaction expenses; the portfolio secures the loan.
- Portfolio sale proceeds repaid warehouse borrowings and fully redeemed Trinity Rail Leasing 2019’s Series 2019-2 Secured Railcar Equipment Notes totaling $280.9 million.
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