2023-06-26 08:46:17 ET
- Trinity Industries ( NYSE: TRN ) intends to offer $400M aggregate principal amount of Senior Notes due 2028 .
- The Co. intends to use the net proceeds from the Offering to repay its borrowings outstanding under its existing corporate revolving credit facility and for general corporate purposes, which may include repayment of its other debt, including its 4.55% Senior Notes due 2024.
- The Notes will be senior unsecured obligations of the Co. and each of the Co.’s existing and future domestic subsidiaries that guarantee the Revolving Credit Facility are expected to guarantee the Notes.
For further details see:
Trinity Industries announces launch of senior notes offering