---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-24-000025"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T16:27:32.789944+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Trinity Industries Leasing subsidiary refinances $660M warehouse loan facility; max $800M

## Summary
- Initial funding of ~$660M under new $800M Warehouse Loan Agreement dated March 15, 2024.
- Maturity date is March 15, 2028; interest rate is 1-month SOFR + 1.75% (step-up to +2.75% after March 2027).
- Proceeds used to refinance existing railcar portfolio and repay prior warehouse facility.
- Borrower is Trinity Rail Leasing Warehouse Trust; loans secured by railcar portfolio and related assets.
- Revolving commitments allow future draws to fund additional railcar purchases.

## SEC filing metadata
- accession: 0000099780-24-000025
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978024000025/0000099780-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978024000025/trn-20240315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-24-000025
- JSON: https://secwatch.observer/filing/0000099780-24-000025.json
- Plain text: https://secwatch.observer/filing/0000099780-24-000025.txt

## Key facts
- Debt Financings
  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
  source text: On the same date, TRLWT completed the initial funding of an approximately $660,000,000 loan under the Loan Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978024000025/0000099780-24-000025-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978024000025/0000099780-24-000025-index.htm

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