Trinity Industries (TRN) said late Tuesday that it has signed an amended and restated agreement with its lenders to secure a $600 million unsecured revolving line of credit.
The agreement replaces the company's existing credit agreement, dated July 25, 2022, Trinity said.
The latest credit agreement will mature on the earlier of June 12, 2031, or April 15, 2028, if the company's 7.750% senior notes due 2028 have not been repaid in full by then, it said.
Trinity said the credit agreement allows up to $300 million in additional commitments and includes up to $100 million in letters of credit.
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