January 25, 2021
For Trinity, a ‘Green Financing Framework’
Written by
Marybeth Luczak, Executive Editor
Eight of TILC’s outstanding debt financings, which represent more than $4 billion of railcar-related debt, “meet the criteria and qualify for the Green Financing designation,” the railcar lessor said.
Trinity Industries Leasing Co. (TILC) has developed and published a new framework that will allow it “to issue green financing instruments, including green non-recourse ABS bonds and green loans, supported by green eligible assets,” the company reported Jan. 25.
TILC said its Green Financing Framework (download below) is backed by a “second-party opinion” from Sustainalytics, a Morningstar Company, which provides ESG (Environmental, Social and Governance) research, ratings and data. Eight of its outstanding debt financings, which represent more than $4 billion of railcar-related debt, “meet the criteria and qualify for the Green Financing designation,” TILC said.