Crédit Agricole CIB Closes Green Loan for Trinity Industries Leasing Company

Crédit Agricole CIB was green loan coordinator for Trinity Industries Leasing Company’s first green loan. More specifically, Crédit Agricole CIB, acting as green loan coordinator, closed a green loan amendment of the non-recourse senior secured term loan for Trinity Rail Leasing 2017. The facility was initially a $663 million, seven-year non-recourse senior secured term loan dated November 2018. It was upsized by $225 million in July 2020.

Trinity Rail Leasing 2017 is a wholly-owned subsidiary of Trinity Industries Leasing Company, which is wholly owned by Trinity Industries. This is the first green loan issued by Trinity Industries Leasing Company following the publication of its green financing framework and, according to the company, the first green loan for a railcar lessor in North America.

Earlier this year, Crédit Agricole CIB acted as green structuring advisor for Trinity Industries Leasing Company when it published its green financing framework. The green financing framework enables Trinity Industries Leasing Company to issue green financing instruments, including green non-recourse ABS bonds and green loans, supported by green eligible assets. Trinity Industries Leasing Company’s term loan issued by Trinity Rail Leasing 2017 is aligned with the green financing framework.

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