Trinity Industries gets $250 million revolver

By Sara Rosenberg

New York, March 10 - Trinity Industries Inc. extended its existing credit facility to provide for a $250 million three-year senior secured revolver. JPMorgan was the lead bank on the deal that launched via a bank meeting about three weeks ago, according to a company spokesperson.

Furthermore, as part of the transaction, the company eliminated its existing term loan, a Trinity news release said.

All outstanding debt under the company's credit facility was repaid with about $163 million of the net proceeds of a $300 million senior notes offering.

Trinity Industries is a Dallas diversified industrial company that operates in the transportation, industrial, construction and energy sectors of the marketplace.

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