Trinity Increases Railcar Leasing Facility to $1B
Trinity Industries announced that its subsidiary, Trinity Industries Leasing Company, 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. 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.”
Dallas, TX-headquartered Trinity Industries is an industrial company that provides products and services to the energy, transportation, chemical and construction sectors.