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Financials
Rail News: Financials
11/18/2003
Rail News: Financials
Trinity Industries completes financing for rail-car-lease portfolio
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Trinity Industries Leasing Co., the wholly owned leasing and management services subsidiary of Trinity Industries Inc., has completed the long-term financing of a leased rail-car portfolio in an asset-backed, leveraged lease transaction.
Proceeds were used primarily to retire $217.5 million in existing debt.
"We are pleased with the completion of this long-term financing and with our demonstrated ability to access the long-term capital market," said John Adams, Trinity's executive vice president, in a Nov. 17 prepared statement.
Proceeds were used primarily to retire $217.5 million in existing debt.
"We are pleased with the completion of this long-term financing and with our demonstrated ability to access the long-term capital market," said John Adams, Trinity's executive vice president, in a Nov. 17 prepared statement.
