---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-26-000020"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:29:43.382074+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trinity Industries subsidiary issues $480.8M in securitized railcar notes at 5.35%/5.56%

## Summary
- Trinity Rail Leasing 2025 LLC issued $447.4M Class A notes at 5.35% and $33.4M Class B notes at 5.56%.
- Notes are secured by approximately 15,082 railcars and related leases; maturity April 19, 2056.
- Transaction expected to close on or about April 17, 2026, subject to customary conditions.
- Proceeds used to purchase railcars from Trinity affiliates; notes offered via Rule 144A/Reg S.

## SEC filing metadata
- accession: 0000099780-26-000020
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978026000020/0000099780-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978026000020/trn-20260401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-26-000020
- JSON: https://secwatch.observer/filing/0000099780-26-000020.json
- Plain text: https://secwatch.observer/filing/0000099780-26-000020.txt

## Source-grounded claims
- claim_id: 2105434a6cfdfc05ff66f6e46bd3847ceb1c3e83
  claim: TRINITY INDUSTRIES INC entered into Note Purchase Agreement with ATLAS SP Securities, a division of Apollo Global Securities, LLC, BofA Securities, Inc., Credit Agricole Securities (USA) Inc., Wells Fargo Securities LLC, PNC Capital Markets LLC, Regions Securities LLC, and Piper Sandler & Co. valued at $447,439,000 of Class A Notes and $33,360,000 of Class B Notes (effective 2026-04-01).
  evidence_excerpt: On April 1, 2026, Trinity Industries Leasing Company (“TILC”) and Trinity Rail Leasing 2025 LLC (“TRL-2025”), both subsidiaries of Trinity Industries, Inc. (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with ATLAS SP Securities, a division of Apollo Global Securities, LLC, BofA Securities, Inc., Credit Agricole Securities (USA) Inc., Wells Fargo Securities LLC, PNC Capital Markets LLC, Regions Securities LLC, and Piper Sandler & Co. (the “Initial Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978026000020/0000099780-26-000020-index.htm

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