We advised Trinity Industries on its high-yield debt offering

Davis Polk advised Trinity Industries, Inc. in connection with a Rule 144A / Regulation S offering of $400 million aggregate principal amount of its 7.750% senior notes due 2028. The obligations under the notes are guaranteed by certain of Trinity’s subsidiaries.

Trinity, headquartered in Dallas, Texas, is a leading provider of railcar products and services in North America. Trinity markets its railcar products and services under the trade name TrinityRail. The TrinityRail platform provides railcar leasing and management services, railcar manufacturing, maintenance and modifications, and other railcar logistics products and services.

The Davis Polk corporate team included partners Michael Kaplan and Dan Gibbons and associates Jakub P. Jozwiak and Kanger Jin. Partner Kara L. Mungovan and associates Charles Collier and Michelle Zhao provided tax advice. Partner Matthew J. Bacal and associates Alison T. Chin and Annie Xie provided intellectual property advice. All members of the Davis Polk team are based in the New York office.