Trinity Industries’ wholly-owned subsidiary TrinityRail Asset Management (TRAMCo) acted as an advisor and arranger on ECN Capital’s sale of a portfolio of approximately 9,950 leased railcars. TRAMCo also acted as advisor to Napier Park Global Capital, the investment manager of the purchaser of substantially all of this portfolio. TRAMCo earned fees in its capacity as advisor and arranger.

“We were very pleased to facilitate the sale of ECN Capital’s leased railcar portfolio,” said D. Stephen Menzies, Trinity Industries senior vice president and TrinityRail group president. “Through our comprehensive knowledge of this railcar portfolio and reputation as a premier provider of railcar services to institutional investors, we were successful in bringing two of our strategic partners together in this transaction, ECN Capital and Napier Park.

“We will continue to service the leased railcars under the new ownership, maintaining a seamless transition for the underlying lessees and our strategic partners. In addition, we are pleased to become the manager on an additional portfolio of approximately 3,600 leased railcars which were previously managed by ECN Capital, bringing TrinityRail’s owned and managed fleet to approximately 112,000 railcars.”