Trinity Industries, Inc. Announces Pricing of Offering of $200.0 Million of Additional 7.750% Senior Notes Due 2028
Trinity Industries, Inc. (TRN)
Last trinity industries, inc. earnings: 4/29 04:15 pm
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trin.net
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (“Trinity” or the “Company”) today announced that it has finalized the terms of its offering (the “Offering”) of an additional $200.0 million aggregate principal amount of its 7.750% Senior Notes due 2028 (the “Additional Notes”). Trinity anticipates that consummation of the offering will occur on June 5, 2024, subject to customary closing conditions. The Company intends to use the net proceeds from the Offering, together with cash on hand and/or borrowings under its corporate revolving credit facility, to (i) finance the repayment in full of its 4.550% Senior Notes due 2024 and (ii) pay related fees, costs, premiums and expenses in connection therewith and with the Offering. The Additional Notes will be sold at a price of 102.50% of the principal amount thereof plus accrued interest deemed to have accrued from January 15, 2024.The Additional Notes will constitute a further issuance of the Company’s 7.750% Senior Notes due 2028 in
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TRN
Earnings
- 5/1/24 - Beat
TRN
Sec Filings
- 6/5/24 - Form 8-K
- 6/4/24 - Form 8-K
- 5/31/24 - Form 11-K
- TRN's page on the SEC website