in News Departments > FYI
print the content item

Dallas-based Trinity Industries Inc.'s wholly owned subsidiary, Trinity Rail Leasing VI LLC (TRL VI), has issued $572.2 million of promissory notes, secured by a portfolio of railcars, operating leases thereon, and certain cash reserves. The notes are non-recourse to Trinity Industries, and the proceeds are being used to repay a portion of Trinity's warehouse facility and to finance unencumbered railcars on Trinity's balance sheet. The interest rate on the notes was fixed through interest rate hedges.

"We are pleased to complete this financing, especially in light of the current credit markets," says William A. McWhirter, Trinity's senior vice president and chief financial officer. "TRL VI provides us with the capital to continue the growth of our railcar lease fleet. Our proven ability to finance railcar leases in the capital markets allows us to continue to serve our customers' leasing needs."

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.

SOURCE: Trinity Industries Inc.


Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965