Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TRINITY INDUSTRIES INC incurred term loan of $340,000,000 with Wells Fargo Bank, National Association, as Administrative Agent at Daily Simple SOFR plus 0.10% SOFR Adjustment plus 1.80% Applicable Facility Marg maturing June 12, 2028.
- Instrument
- term loan
- Principal
- $340,000,000
- Counterparty
- Wells Fargo Bank, National Association, as Administrative Agent
- Rate
- Daily Simple SOFR plus 0.10% SOFR Adjustment plus 1.80% Applicable Facility Marg
- Maturity
- June 12, 2028
- Event
- incurrence
Exact text from the filing
On June 12, 2023, Trinity Rail Leasing 2023 LLC, a Delaware limited liability company (“TRL-2023”), and a limited purpose, wholly-owned, indirect subsidiary of Trinity Industries, Inc. (the “Company”), owned by the Company through the Company’s direct, wholly-owned subsidiary Trinity Industries Leasing Company (“TILC”), entered into a Term Loan Agreement dated as of June 12, 2023 (the “Loan Agreement”) among the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as Collateral Agent and Depositary. On the same date, TRL-2023 completed the funding of a $340,000,000 term loan under the Loan Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TRINITY INDUSTRIES INC entered into Loan Agreement with the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as Collateral Agent and Depositary valued at $340,000,000 (effective 2023-06-12).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as Collateral Agent and Depositary
- Value
- $340,000,000
- Effective
- 2023-06-12
Exact text from the filing
On June 12, 2023, Trinity Rail Leasing 2023 LLC, a Delaware limited liability company (“TRL-2023”), and a limited purpose, wholly-owned, indirect subsidiary of Trinity Industries, Inc. (the “Company”), owned by the Company through the Company’s direct, wholly-owned subsidiary Trinity Industries Leasing Company (“TILC”), entered into a Term Loan Agreement dated as of June 12, 2023 (the “Loan Agreement”) among the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as Collateral Agent and Depositary.
View on SEC.gov