Trinity Industries Plans To Offer $400.0 Mln Of Senior Notes Due 2028
(RTTNews) - Trinity Industries, Inc. (TRN) announced Monday that it intends to offer $400.0 million aggregate principal amount of Senior Notes due 2028.
Trinity intends to use the net proceeds from the offering, if consummated, (i) to repay its borrowings outstanding under its existing corporate revolving credit facility, (ii) to pay related fees, costs, premiums and expenses in connection therewith and with the offering, and (iii) for general corporate purposes, which may include repayment of its other debt, including its 4.550% Senior Notes due 2024.
The notes will be senior unsecured obligations of the Company and each of the Company's existing and future domestic subsidiaries that guarantee the Revolving Credit Facility are expected to guarantee the Notes.
U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders
Canadian Stocks Turning In Mixed Performance In Cautious Trade
Swiss Market Ends On Weak Note
European Stocks Fall As Central Bank Signals Weigh On Sentiment
U.S. Leading Economic Index Unexpectedly Edges Lower In August
U.S. Industrial Production Unexpectedly Flat In August
UK Retail Sales Recover Unexpectedly
