Fitch sees rating Trinity notes BB

Fitch Ratings said it expects to assign a BB rating to Trinity Industries Inc.'s planned $400 million issuance of senior unsecured notes. The interest rate and maturity date will be determined at the time of issuance.

The agency affirmed Trinity’s BB ratings on May 2.

Trinity is expected to use the proceeds to repay borrowings on the unsecured revolving credit facility and for general corporate purposes, which may include the repayment of other debt, including the 4.55% senior unsecured notes due September 2024.

The outlook is stable.

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