Trinity Industries Inc. of Dallas has announced that its subsidiary, Trinity Industries Leasing Co., has renewed the lease on its railcar leasing warehouse facility through April 2018 while boosting its capacity from $475 million to $1 billion.
“We are pleased to announce the upsizing of this facility and extension for an additional three years,” said senior vice president and Chief Financial Officer James E. Perry, commenting in a news release.
“The increase in the warehouse capacity will support the growth of our leasing platform and our strong ability to originate new railcar leases,” Perry said.
Trinity Industries Inc. is a diversified industrial company that owns businesses providing products and services to energy, transportation, chemical and construction industries. More information is available at www.trin.net