Nov. 5, 2009 (Business Wire) -- Trinity Industries, Inc. (NYSE:TRN) today reported that its subsidiaries, Trinity Industries Leasing Company ("TILC") and Trinity Rail Leasing VII LLC, ("TRL-VII") have closed a railcar leasing financing in the amount of $238,262,640 with a coupon of 6.657%. The transaction is secured by railcars and their operating leases. Funds received from the transaction will be used, in part, to pay down a portion of TILC’s railcar leasing warehouse facility, and for future growth of TILC’s lease fleet. At September 30, 2009, TILC’s lease fleet included approximately 49,470 railcars with a utilization rate of 97.2%.

“The closing of this financing represents an important transaction for Trinity as a seasoned capital markets participant,” said William A. McWhirter, Senior Vice President and Chief Financial Officer for Trinity Industries, Inc. “We are pleased with the execution of the financing as it demonstrates the market’s positive perception of Trinity’s railcar leasing business.”

Trinity Industries, Inc., headquartered in Dallas, Texas, is a multi-industry company that owns a variety of market-leading businesses which provide products and services to the industrial, energy, transportation, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.