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Trinity Industries Increases Leasing Warehouse Facility to $1B

April 10, 2015, 07:00 AM
Filed Under: Rail Transportation

Trinity Industries announced that its subsidiary, Trinity Industries Leasing Company (“TILC”), has renewed its railcar leasing warehouse facility through April 2018, and increased its capacity from $475 million to $1 billion.

“We are pleased to announce the upsizing of this facility and extension for an additional three years,” said James E. Perry, Trinity's Senior Vice President and Chief Financial Officer. “The successful renewal demonstrates Trinity’s consistent ability to access the capital markets.”

Mr. Perry added, “The increase in the warehouse capacity will support the growth of our leasing platform and our strong ability to originate new railcar leases. Our railcar leasing warehouse is an important element of the Company’s liquidity and overall financial flexibility.”

Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns market-leading businesses, which provide products and services to the energy, transportation, chemical, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group.

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