CIC acts as Liquidity Facility Provider on a $331 million Railcar ABS financing for Wafra Inc. and Trinity Industries, Inc.

On November 13th 2025, Wafra Inc. (“Wafra”), Trinity Industries, Inc. (“Trinity”) and their railcar investment vehicle program, Signal Rail Holdings LLC (“Signal Rail”), announced the closing of a $331 million Railcar ABS financing. CIC, through its New York branch, is providing a Liquidity Facility for $12.9 million.

Signal Rail invests in diversified portfolios of leased railcars originated by Trinity Industries Leasing Company (“TILC”).

The ABS financing is secured by a portfolio of 3,860 leased railcars, valued at $441 million and serviced by TILC. It includes :

  • $301.8 million Class A Notes rated AA by S&P and $28.7 million Class B Notes rated A by S&P
  • $12.9 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