Trinity Industries to repay bank debt with some bond sale proceeds

By Sara Rosenberg

New York, Feb. 27 - Trinity Industries Inc. plans to repay debt under its credit facility with a portion of the proceeds from a $300 million senior notes offering.

Remaining proceeds will be used for general corporate purposes including making capital expenditures in strategic manufacturing facilities and funding working capital requirements of the company's railcar manufacturing operations, according to a company news release.

Trinity is a Dallas manufacturer, marketer and leaser of a variety of products and services for the transportation, industrial, construction and energy sectors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.