On April 17th, 2026, Trinity Industries Leasing Company (“TILC”) and Trinity Rail Leasing 2025 LLC, both subsidiaries of Trinity Industries, Inc. (“Trinity”), announced the closing of a $481 million Railcar ABS financing (“TRL 2026-1 Notes”). The financing is aligned with the Trinity Green Financing Framework. CIC, through its New York branch, is providing a $39.6 million Liquidity Facility for the TRL 2026-1 Notes and existing TRL 2025-1 Notes.
The Notes are secured by a portfolio of 15,082 leased railcars, valued at $1.4 billion and serviced by TILC.
The TRL 2026-1 financing includes:
- $447 million Class A Notes rated AA by S&P & $33 million Class B Notes rated A by S&P
- $19.3 million Liquidity Facility sized to nine-months interest on the Class A & B Notes, in order to ensure timely payment of interest and senior expenses
