Trinity Industries, Inc. Announces Pricing of Senior Notes Offering
29 Juni 2023 - 12:35AM
Business Wire
Trinity Industries, Inc. (NYSE: TRN) (“Trinity” or the
“Company”) today announced that it has finalized the terms of its
offering (the “Offering”) of $400.0 million aggregate principal
amount of 7.750% Senior Notes due 2028 (the “Notes”). Trinity
anticipates that consummation of the offering will occur on June
30, 2023, subject to customary closing conditions. The Company
intends to use the net proceeds from the Offering (i) to repay its
borrowings outstanding under its existing corporate revolving
credit facility (the “Revolving Credit Facility”), (ii) to pay
related fees, costs, premiums and expenses in connection therewith
and with the Offering, and (iii) for general corporate purposes,
which may include repayment of its other debt, including its 4.550%
Senior Notes due 2024. The Notes will be senior unsecured
obligations of the Company and each of the Company’s existing and
future domestic subsidiaries that guarantee the Revolving Credit
Facility will guarantee the Notes.
The Notes and related guarantees being offered have not been
registered under the Securities Act of 1933, as amended (the
“Securities Act”), or any state securities laws. The Notes and
related guarantees may not be offered or sold in the United States
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws. The Notes and related guarantees
are being offered only to persons reasonably believed to be
“qualified institutional buyers” in reliance on the exemption from
registration provided by Rule 144A under the Securities Act and to
certain non-U.S. persons in offshore transactions in reliance on
Regulation S under the Securities Act.
This press release is being issued pursuant to and in accordance
with Rule 135c under the Securities Act and it is neither an offer
to sell nor a solicitation of an offer to buy any securities and
shall not constitute an offer to sell or a solicitation of an offer
to buy, or a sale of, the Notes or any other securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Forward-Looking Statements
Some statements in this press release, which are not historical
facts, are “forward-looking statements” as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements about Trinity’s estimates,
expectations, beliefs, intentions or strategies for the future, and
the assumptions underlying these forward-looking statements,
including, but not limited to, future financial and operating
performance, future opportunities, the Offering and the use of
proceeds therefrom, and any other statements regarding events or
developments that Trinity believes or anticipates will or may occur
in the future. Trinity uses the words “anticipates,” “assumes,”
“believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,”
“will,” “should,” “guidance,” “projected,” “outlook” and similar
expressions to identify these forward-looking statements.
Forward-looking statements speak only as of the date of this
release and Trinity expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in
Trinity’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based,
except as required by federal securities laws. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from historical experience or present
expectations, including, but not limited to, risks and
uncertainties regarding economic, competitive, governmental and
technological factors affecting Trinity’s operations, markets,
products, services and prices, and such forward-looking statements
are not guarantees of future performance. For a discussion of such
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see “Risk
Factors” and “Forward-Looking Statements” in Trinity’s Annual
Report on Form 10-K for the most recent fiscal year, as may be
revised and updated by Trinity’s Quarterly Reports on Form 10-Q and
Trinity’s Current Reports on Form 8-K.
About Trinity
Trinity Industries, Inc., headquartered in Dallas, Texas, owns
businesses that are leading providers of rail transportation
products and services in North America. Our businesses market their
railcar products and services under the trade name TrinityRail®.
The TrinityRail platform provides railcar leasing and management
services; railcar manufacturing, maintenance and modifications; and
other railcar logistics products and services. Trinity reports its
financial results in two reportable segments: the Railcar Leasing
and Management Services Group and the Rail Products Group.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628396620/en/
Investor Contact Leigh Anne Mann Vice President, Investor
Relations Trinity Industries, Inc. Investors: (214) 631-4420
Media Contact Jack L. Todd Vice President, Public Affairs
Trinity Industries, Inc. Media Line: (214) 589-8909
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