Trinity Industries Prices $400 Mln Senior Notes Offering

(RTTNews) - Trinity Industries, Inc. (TRN) said Monday that it has priced an underwritten offering of $400 million aggregate principal amount of 4.55% senior unsecured notes due 2024.

The company expects to receive net proceeds of about $396 million from the offering, after deducting discounts to the underwriters and estimated offering expenses.

The sale of the notes is expected to close on or about September 25.

Trinity will use the net proceeds from the notes for general corporate purposes, which may include capital expenditures, acquisitions, working capital, and repayment or refinancing of debt.