Trinity Closes First News Today : Breaking News, Live Updates & Top Stories | Vimarsana

February 11, 2021
Trinity Closes First ‘Green Loan,’ Reduces Texas Workforce
Written by
Marybeth Luczak, Executive Editor
Trinity said its “green” term loan the first for a North American railcar lessor is aligned with the company’s Green Financing Framework.
Trinity Industries Leasing Company (TILC) has put into action its new Green Financing Framework. Business affiliate TrinityRail Maintenance Services is scaling back its Vidor, Tex., plant.
Advisor Crédit Agricole CIB “closed the green loan amendment of the non-recourse senior secured term loan for Trinity Rail Leasing 2017 LLC (TRL 2017),” according to TILC. “The facility was initially a $663 million 7-year non-recourse senior secured term loan dated November 2018 and has been upsized by $225 million in July 2020. TRL 2017 is a wholly owned subsidiary of Trinity Industries Leasing Company, which is ultimately wholly owned by Trinity Ind ....

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