Trinity Industries (TRN) Announces $200M Notes Offering
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Trinity Industries, Inc. Announces Offering of Additional 7.750% Senior Notes Due 2028
May 21, 2024 8:51 AM EDTDALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (Trinity or the Company) today announced that it intends to offer (the Offering) an additional $200.0 million aggregate principal amount of its 7.750% Senior Notes due 2028 (the Additional Notes). Trinity intends to use the net proceeds from the Offering, if consummated, together with cash on hand and/or borrowings under its corporate revolving credit facility, to (i) finance the repayment in full of its 4.550% Senior Notes due 2024 and (ii) pay related fees, costs, premiums and expenses in connection therewith and with the Offering.
The Additional Notes will constitute a further issuance of the Companys 7.750% Senior Notes due... More
