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.
Copyright Business Wire 2015