Trinity subsidiary issues $432M green railcar notes at 5.78%; proceeds to repay debt

TRINITY INDUSTRIES INC

Trinity Rail Leasing 2021 LLC issued $432.4M Series 2024-1 Class A Green Secured Railcar Equipment Notes.
Notes bear fixed 5.78% interest, payable monthly; stated final maturity May 2054 but expected to amortize earlier.
Proceeds used to repay ~$218.9M warehouse facility, redeem $94.1M of Series 2009-1 notes, and general corporate purposes.
Notes are secured by a portfolio of railcars and operating leases; obligations of subsidiary only.
Issued via private placement under Rule 144A/Reg S; parent Trinity Industries Inc. (TRN) not directly liable.

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