Trinity Industries Enters Material Definitive Agreement

TL;DR

Trinity Industries just signed a big deal, filing an 8-K to make it official.

AI Summary

On March 15, 2024, Trinity Industries Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered in Dallas, Texas, filed this 8-K report to disclose this event.

Why It Matters

This filing indicates a significant financial commitment or obligation for Trinity Industries, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that require careful monitoring.

Key Players & Entities

• Trinity Industries Inc. (company) — Registrant
• March 15, 2024 (date) — Date of Earliest Event Reported
• Dallas, Texas (location) — Principal Executive Offices
• 14221 N. Dallas Parkway, Suite 1100 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $660,000,000 — the initial funding of an approximately $660,000,000 loan under the Loan Agreement. The proc
• $800,000,000 — itation: A maximum aggregate amount of $800,000,000 under the Loan Agreement with an approx

Filing Documents

• trn-20240315.htm (8-K) — 32KB
• exh101-warehouseloanagreem.htm (EX-10.1) — 1319KB
• monthlydepreciations.jpg (GRAPHIC) — 6KB
• trn-20240315_g1.jpg (GRAPHIC) — 172KB
• 0000099780-24-000025.txt ( ) — 2091KB
• trn-20240315.xsd (EX-101.SCH) — 2KB
• trn-20240315_lab.xml (EX-101.LAB) — 21KB
• trn-20240315_pre.xml (EX-101.PRE) — 12KB
• trn-20240315_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On March 15, 2024, Trinity Industries Leasing Company, a Delaware corporation ("TILC") and wholly-owned subsidiary of Trinity Industries, Inc. (the "Company"), and Trinity Rail Leasing Warehouse Trust, a Delaware statutory trust ("TRLWT") in which TILC is the sole beneficiary, entered into a Warehouse Loan Agreement dated as of March 15, 2024 (the "Loan Agreement") among the banks and other lending institutions from time to time party thereto, Atlas Securitized Products Administration, L.P., as agent (the "Agent"), and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as collateral agent and depositary. On the same date, TRLWT completed the initial funding of an approximately $660,000,000 loan under the Loan Agreement. The proceeds of the loans made pursuant to the Loan Agreement were used to refinance certain railcars and related operating leases and related assets owned by TRLWT as of such date (the "Railcar Portfolio") and to pay fees and expenses incurred in connection therewith. Thereafter the revolving commitments under the Loan agreement will be available to TRLWT to draw additional loans from time to time to fund the purchase price of additional railcars. Amounts currently outstanding under the Loan Agreement are secured by the Railcar Portfolio. Future amounts outstanding under the Loan Agreement will be secured by the railcars, related operating leases, and related assets owned by TRLWT at such future time. TRLWT previously acquired the Railcar Portfolio from TILC (and certain of its affiliates) using a combination of capital contributions from TILC and loans from third-party lenders pursuant to that certain Fifth Amended and Restated Loan Agreement dated as of March 15, 2021 (as further amended, supplemented, amended and restated, or otherwise modified from time to time, the "Existing Warehouse Facility") among, TRLWT, TILC, the banks and other

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) - (c) Not applicable. (d) Exhibits: NO. DESCRIPTION 10.1 Warehouse Loan Agreement dated as of March 15, 2024, among Trinity Rail Leasing Warehouse Trust, Trinity Industries Leasing Company, Atlas Securitized Products Administration, L.P., as Agent, the Lenders, and U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as collateral agent and depositary. 101.SCH Inline XBRL Taxonomy Extension Schema Document (filed electronically herewith). 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document (filed electronically herewith). 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document (filed electronically herewith). 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Trinity Industries, Inc. March 18, 2024 By: /s/ Eric R. Marchetto Name: Eric R. Marchetto Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR