---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-23-000103"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:34:16.781208+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Trinity Industries prices $400M of 7.750% Senior Notes due 2028

## Summary
- Issued $400M aggregate principal of 7.750% Senior Notes due July 15, 2028; net proceeds ~$394.5M.
- Proceeds used to repay revolving credit facility; may also repay $4.550% Senior Notes due 2024.
- Notes are senior unsecured; guaranteed by domestic subsidiaries that back the revolving credit facility.
- Interest paid semi-annually Jan 15 & Jul 15 starting Jan 15, 2024; make-whole redemption prior to Jul 15, 2025.
- Redemption up to 40% of Notes before Jul 15, 2025 at 107.750% using equity offering proceeds.

## SEC filing metadata
- accession: 0000099780-23-000103
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978023000103/0000099780-23-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978023000103/trn-20230628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-23-000103
- JSON: https://secwatch.observer/filing/0000099780-23-000103.json
- Plain text: https://secwatch.observer/filing/0000099780-23-000103.txt

## Key facts
- Debt Financings
  TRINITY INDUSTRIES INC incurred senior notes of $400.0 million with BofA Securities, Inc. and Truist Bank at 7.750% per annum maturing July 15, 2028.
  - Instrument: senior notes
  - Principal: $400.0 million
  - Counterparty: BofA Securities, Inc. and Truist Bank
  - Rate: 7.750% per annum
  - Maturity: July 15, 2028
  - Event: incurrence
  source text: the Company issued $400.0 million aggregate principal amount of its 7.750% Senior Notes due 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978023000103/0000099780-23-000103-index.htm
- Material Agreements
  TRINITY INDUSTRIES INC entered into Indenture with Truist Bank valued at $400.0 million (effective 2023-06-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Truist Bank
  - Value: $400.0 million
  - Effective: 2023-06-30
  source text: On June 30, 2023 (the “Closing Date”), Trinity Industries, Inc. (the “Company” or “we”) entered into an indenture (the “Indenture”), by and among the Company, certain subsidiaries of the Company named as guarantors therein (the “Guarantors”) and Truist Bank, as trustee, pursuant to which the Company issued $400.0 million aggregate principal amount of its 7.750% Senior Notes due 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978023000103/0000099780-23-000103-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.