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 credit facility of approximate initial principal amount of $660,000,000 with Atlas Securitized Products Administration, L.P. at one-month term SOFR, plus a facility margin of 1.75% per annum maturing March 15, 2028.
- Instrument
- credit facility
- Principal
- approximate initial principal amount of $660,000,000
- Counterparty
- Atlas Securitized Products Administration, L.P.
- Rate
- one-month term SOFR, plus a facility margin of 1.75% per annum
- Maturity
- March 15, 2028
- Event
- incurrence
Exact text from the filing
On the same date, TRLWT completed the initial funding of an approximately $660,000,000 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 Atlas Securitized Products Administration, L.P., as agent, U.S. Bank Trust Company, National Association, as collateral agent and depositary, and the banks and other lending institutions from time to time party thereto valued at approximately $660,000,000 (effective 2024-03-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Atlas Securitized Products Administration, L.P., as agent, U.S. Bank Trust Company, National Association, as collateral agent and depositary, and the banks and other lending institutions from time to time party thereto
- Value
- approximately $660,000,000
- Effective
- 2024-03-15
Exact text from the filing
On March 15, 2024, Trinity Industries Leasing Company, a Delaware corporation (“TILC”) and wholly-owned subsidiary of Trinity Industries, Inc. (the “Company”), and Trinity Rail Leasing Warehouse Trust, a Delaware statutory trust (“TRLWT”) in which TILC is the sole beneficiary, entered into a Warehouse Loan Agreement dated as of March 15, 2024 (the “Loan Agreement”) among the banks and other lending institutions from time to time party thereto, Atlas Securitized Products Administration, L.P., as agent (the “Agent”), and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as collateral agent and depositary.
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