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Trinity Industries boosts borrowing power

Trinity Industries Inc. recently expanded its lease warehouse financing facility from $200 million to $300 million and extended the facility's term through Aug. 27, 2004.

CS First Boston is the agent for the facility, which Trinity uses to finance rail-car acquisitions for its lease fleet.

The car builder and leasing company also modified debt terms of a revolving credit and term facility to be more in line with Trinity's separate leasing and manufacturing operations, according to a prepared statement.

"The changes are more appropriate for our businesses today, and our borrowing capacity has increased as a result, said Trinity Executive Vice President John Adams.

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More News from 9/29/2003