debt
confidence high
sentiment neutral
materiality 0.60
Trinity Industries plans $400M senior notes offering due 2028 to repay credit facility
TRINITY INDUSTRIES INC
- Offering of $400M aggregate principal amount of senior unsecured notes due 2028.
- Proceeds to repay borrowings under revolving credit facility; may also repay 4.550% Senior Notes due 2024.
- Notes and guarantees not registered under Securities Act; offered to QIBs and non-US persons via Rule 144A/Reg S.
- Guarantees from domestic subsidiaries that guarantee existing revolver.