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A Missouri state judge has preliminarily approved guardrail maker Trinity Industries' $56 million deal that would resolve certified class claims by local governments that the company's traffic guardrails on Missouri roads pose a safety threat, according to the docket.
Trinity Refinances Outstanding Debt, Renames Subsidiaries Trinity Refinances Outstanding Debt, Renames Subsidiaries Written by Marybeth Luczak, Executive Editor “These refinancings [of TRIP Holdings and RIV 2013] are part of Trinity’s strategic initiatives to improve our returns and drive shareholder value through lowering our cost of capital, and will result in the reduction of the Company’s cost of debt by 50 basis points,” Trinity EVP and CFO Eric Marchetto said. Trinity Industries’ two partially owned lease subsidiaries have ente...
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Business campus northwest of downtown Dallas up for grabs The former Trinity Industries tower and surrounding buildings are for sale. The Trinity Industries campus is more than 11 acres with several buildings.(CBRE ) A sprawling business campus northwest of downtown Dallas just hit the market. Trinity Industries’ former 11.5-acre office complex is up for grabs after the company moved to a new headquarters on the Dallas North Tollway in Farmers Branch. The four-building property on Stemmons Freeway near the UT Southwestern medical district includes about 225,000 square feet of space. Trinity...
On Monday, Trinity Industries' financing unit released its "Green Financing Framework" that is supported by a second-party opinion from ESG data and ratings firm Sustainalytics. The framework enables the company to issue green financing instruments including non-recourse green ABS and green loans, backed by eligible assets. Eight of Trinity's outstanding railcar ABS, totaling more than US$4bn, already meet the criteria and qualify for the green financing designation, the company said, meaning investors could buy the bonds for their ESG portfolios in the secondary market. "Over time, it opens...