On April 17th, 2026, Trinity Industries Leasing Company (“TILC”) and Trinity Rail Leasing 2025 LLC, both subsidiaries of Trinity Industries, Inc. (“Trinity”), announced the closing of a $481 million Railcar ABS financing (“TRL 2026-1 Notes”). The financing is aligned with the Trinity Green Financing Framework. CIC, through its New York branch, is providing a $39.6 million Liquidity Facility for the TRL 2026-1 Notes and existing TRL 2025-1 Notes.
The Notes are secured by a portfolio of 15,082 leased railcars, valued at $1.4 billion and serviced by TILC.
The TRL 2026-1 financing includes:
- $447 million Class A Notes rated AA by S&P & $33 million Class B Notes rated A by S&P
- $19.3 million Liquidity Facility sized to nine-months interest on the Class A & B Notes, in order to ensure timely payment of interest and senior expenses
About TRINITY
Headquartered in Dallas, Texas, Trinity is a leading railcar manufacturer and lessor in North America. Trinity’s platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. As of December 2025, Trinity’s leasing platform has an owned and managed fleet of 146,270 railcars. Trinity’s shares are listed on the New York Stock Exchange under the ticker symbol TRN.
With nearly 20,000 employees, the group is present in France and in more than 10 countries internationally. It operates over 400 sites worldwide and has nearly 70,000 clients. Its turnover amounted to approximately €3.5 billion in 2025.
For more information: www.trin.net
Press contact: Jack Todd, media@trin.net
Contact - CIC CIB
Adrienne Molloy
adrienne.molloy@cicny.com