UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | October 29, 2009 |
Trinity Industries, Inc.
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(Exact name of registrant as specified in its charter)
| Delaware | 1-6903 | 75-0225040 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 2525 Stemmons Freeway, Dallas, Texas | 75207-2401 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 214-631-4420 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On October 29, 2009, Trinity Industries, Inc. (the "Company’), Trinity Industries Leasing Company ("TILC") and Trinity Rail Leasing VII LLC ("TRL-VII") entered into a Note Purchase Agreement dated as of October 29, 2009 (the "Note Purchase Agreement") with Credit Suisse Securities (USA) LLC, Rabo Securities USA, Inc. and Calyon Securities (USA) Inc. (the "Purchasers"). The Note Purchase Agreement provides for the issuance and sale of an aggregate principal amount of $238,262,640 of TRL-VII’s Secured Railcar Equipment Notes, Series 2009-1 (the "Notes") to the Purchasers. The Purchasers are expected to resell the Notes pursuant to Rule 144A of the Securities Act of 1933 and Regulation S thereunder. The Notes will be secured by (among other things) approximately 4,448 railcars and operating leases thereon, which TRL-VII is purchasing from TILC and TILC’s warehouse railcar financing subsidiary, Trinity Rail Leasing Warehouse Trust.. The Note Purchase Agreement contains customary representations, warranties, covenants and closing conditions for a transaction of this type. The Note Purchase Agreement also contains customary provisions pursuant to which the Company, TILC and TRL-VII agree to hold harmless and indemnify the Purchasers against damages under certain circumstances, which are customary for a transaction of this type.
The issuance and sale of the Notes are part of an asset backed securitization which, subject to satisfaction of a variety of customary conditions precedent, is scheduled to close on or about November 5, 2009. The Company can give no assurance that the transaction will close on that date or at all.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Trinity Industries, Inc. | ||||
| October 30, 2009 | By: |
William A. McWhirter, II
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| Name: William A. McWhirter, II | ||||
| Title: Senior Vice President and Chief Financial Officer | ||||