---
schema_version: "secwatch.filing_event.v1"
accession: "0000099780-26-000030"
form_type: "8-K"
ticker: "TRN"
cik: "0000099780"
company_name: "TRINITY INDUSTRIES INC"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:15:49.067662+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Trinity railcar subsidiary issues $480.8M in secured notes; redeems $377.1M of existing debt

## Summary
- TRL-2025 issued $447.4M Class A notes at 5.35% and $33.4M Class B notes at 5.56%, due 2056.
- Proceeds used to redeem $377.1M of TRL-2019 Series 2019-1 notes and for general corporate purposes.
- Notes are secured by a railcar portfolio and are obligations of TRL-2025 only; Trinity not a guarantor.
- Amortization expected well before final maturity if cash flow assumptions are met; no assurance given.

## SEC filing metadata
- accession: 0000099780-26-000030
- form_type: 8-K
- ticker: TRN
- cik: 0000099780
- company_name: TRINITY INDUSTRIES INC
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99780/000009978026000030/0000099780-26-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99780/000009978026000030/trn-20260417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000099780-26-000030
- JSON: https://secwatch.observer/filing/0000099780-26-000030.json
- Plain text: https://secwatch.observer/filing/0000099780-26-000030.txt

## Key facts
- Debt Financings
  TRINITY INDUSTRIES INC incurred senior notes of $447,439,000 of Series 2026-1 Class A Secured Green Standard Railcar Notes and $33,360,000 of Series 2026-1 Class B Secu with Trinity Rail Leasing 2025 LLC at Class A fixed rate of 5.35%; Class B fixed rate of 5.56% maturing April 19, 2056 stated final maturity (anticipated to be repaid well in advance).
  - Instrument: senior notes
  - Principal: $447,439,000 of Series 2026-1 Class A Secured Green Standard Railcar Notes and $33,360,000 of Series 2026-1 Class B Secu
  - Counterparty: Trinity Rail Leasing 2025 LLC
  - Rate: Class A fixed rate of 5.35%; Class B fixed rate of 5.56%
  - Maturity: April 19, 2056 stated final maturity (anticipated to be repaid well in advance)
  - Event: incurrence
  source text: On April 17, 2026, Trinity Rail Leasing 2025 LLC, a Delaware limited liability company (“TRL-2025”) and a limited purpose, indirect, wholly-owned subsidiary of Trinity Industries, Inc. (the “Company”), owned by the Company through the Company's direct, wholly-owned subsidiary Trinity Industries Leasing Company (“TILC”), issued (i) an aggregate principal amount of $447,439,000 of TRL-2025’s Series 2026-1 Class A Secured Green Standard Railcar Notes (the “Class A Notes”) and (ii) an aggregate principal amount of $33,360,000 of TRL-2025’s Series 2026-1 Class B Secured Green Standard Railcar Notes (the “Class B Notes” and together with the Class A Notes, the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/99780/000009978026000030/0000099780-26-000030-index.htm

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