Trinity Industries, Inc. Announces the Increase and Renewal of its Leasing Warehouse Facility
By Business Wire News
Trinity Industries, Inc. (NYSE:TRN) today 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. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity’s estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements. Trinity uses the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance” and similar expressions to identify these forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the most recent fiscal year.
Trinity Industries, Inc.
Jessica L. Greiner, 214-631-4420
Director of Investor Relations
Jack Todd, 214-589-8909