Trinity Industries closes $600M revolving credit facility maturing 2031, replaces prior agreement

TRINITY INDUSTRIES INC

New $600M unsecured revolving credit line replaces $600M facility dated July 2022; maturity the earlier of June 12, 2031 or April 15, 2028 if 2028 notes not repaid in full.
Interest rate is SOFR plus margin initially 1.50%; commitment fee 0.20% on undrawn portion; accordion feature allows up to $300M increase.
Up to $100M available for letters of credit; no loans were drawn on June 12, 2026.
Guarantors include Trinity Industries Leasing Co., Trinity Rail Group, Trinity Tank Car, Trinity North American Freight Car, TrinityRail Maintenance Services.
Financial covenants require minimum interest coverage and maximum net leverage ratios, consistent with existing agreement terms.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TRINITY INDUSTRIES INC amended Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., Truist Bank, and Wells Fargo Bank, N.A., as co-syndication agents, and Regions Bank and PNC Bank, National Association, as co-documentation agents valued at $600.0 million (effective 2026-06-12).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., Truist Bank, and Wells Fargo Bank, N.A., as co-syndication agents, and Regions Bank and PNC Bank, National Association, as co-documentation agents
Value: $600.0 million
Effective: 2026-06-12

Exact text from the filing

On June 12, 2026, Trinity Industries, Inc., a Delaware corporation (the “Company”), entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders party thereto (the “Lenders”), JPMorgan Chase Bank, N. A., as administrative agent, Bank of America, N.A., Truist Bank, and Wells Fargo Bank, N.A., as co-syndication agents, and Regions Bank and PNC Bank, National Association, as co-documentation agents.

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Source: SEC EDGAR

accession 0000099780-26-000100

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