Trinity Industries to repay revolver drawings with notes proceeds

By Sara Rosenberg

New York, June 26 – Trinity Industries Inc. plans to repay borrowings under its existing revolving credit facility using proceeds from a $400 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes, which may include repayment of the company’s other debt, including its 4.55% senior notes due 2024.

Trinity Industries is a Dallas-based provider of rail transportation products and services.

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