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9/29/2003
Rail News: Railroading Supplier Spotlight
Trinity Industries boosts borrowing power
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Trinity Industries Inc. recently expanded its lease warehouse financing facility from $200 million to $300 million and extended the facility's term through Aug. 27, 2004.
CS First Boston is the agent for the facility, which Trinity uses to finance rail-car acquisitions for its lease fleet.
The car builder and leasing company also modified debt terms of a revolving credit and term facility to be more in line with Trinity's separate leasing and manufacturing operations, according to a prepared statement.
"The changes are more appropriate for our businesses today, and our borrowing capacity has increased as a result, said Trinity Executive Vice President John Adams.
CS First Boston is the agent for the facility, which Trinity uses to finance rail-car acquisitions for its lease fleet.
The car builder and leasing company also modified debt terms of a revolving credit and term facility to be more in line with Trinity's separate leasing and manufacturing operations, according to a prepared statement.
"The changes are more appropriate for our businesses today, and our borrowing capacity has increased as a result, said Trinity Executive Vice President John Adams.
