TRINITY INDUSTRIES INC

$600m committed across 1 active facility, next covenant test Sep 30, 2026. TRN

Railroad Equipment

Net leverage: when the limit steps, and which way the company's ratio has been moving.

20268.75x5.92x3.10xToday
Tested quarterlyEstimated above the limit*ratio 4.81x, estimated, vs 3.75x limit in force at Jun 30, 20263.75x
The Borrower will not permit the ratio ... to be greater than 3.75 to 1.00; provided that as of the last day of the four (4) fiscal quarters following a Qualified Acquisition, the Borrower may elect to increase the Maximum Leverage Ratio set forth above by 0.50x so long as the Borrower has not previously made two such elections during the term of this Agreement.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measuredn/a
The Borrower will not permit the ratio ... to be less than 2.25 to 1.00.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured1.50x
The Borrower will not permit the Unrestricted Subsidiary Indebtedness Interest Coverage Ratio as of the last day of any fiscal quarter to be less than 1.50 to 1.00.
Read the filing on sec.gov ↗

* Estimates use reported financials; credit agreements usually add back items that XBRL does not capture.

Download CSV · Download JSON

THIRD AMENDED AND RESTATED CREDIT AGREEMENTunconfirmed

Signed Jun 12, 2026

Committed
$600m
Matures
n/a
Agent
JPMorgan Chase Bank, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$600mn/a125–200 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level I< 1.00 to 1.00125 bps18 bps
Level Level II> 1.00 to 1.00 but < 2.00 to 1.00150 bps20 bps
Level Level III> 2.00 to 1.00 but < 3.00 to 1.00175 bps25 bps
Level Level IV> 3.00 to 1.00200 bps30 bps

§1.01

No amendments on file yet.

Report an error

Email [email protected].