Debt (Tables)

6 Months Ended

Jun. 30, 2013

The following table summarizes the components of debt as of June 30, 2013 and December 31, 2012:



	June 30, 2013			December 31, 2012
	(in millions)
Manufacturing/Corporate – Recourse:
Revolving credit facility	$	—		$	—
Convertible subordinated notes	450.0			450.0
Less: unamortized discount	(81.0		)	(87.5		)
	369.0			362.5
Other	1.0			1.2
	370.0			363.7
Leasing – Recourse:
Capital lease obligations	43.7			45.8
Term loan	—			48.6
	43.7			94.4
Total recourse debt	413.7			458.1

Leasing – Non-recourse:
Wholly-owned subsidiaries:
2006 secured railcar equipment notes	248.5			255.8
Promissory notes	411.8			424.1
2009 secured railcar equipment notes	204.2			209.2
2010 secured railcar equipment notes	334.2			341.5
TILC warehouse facility	167.4			173.6
	1,366.1			1,404.2
Partially-owned subsidiaries:
2012 secured railcar equipment notes - RIV 2013	327.0			333.8
TRIP Master Funding secured railcar equipment notes	777.4			797.7
TRIP Holdings senior secured notes:
Total outstanding	—			170.0
Less: owned by Trinity	—			(108.8		)
	—			61.2
	1,104.4			1,192.7
Total non–recourse debt	2,470.5			2,596.9
Total debt	$	2,884.2		$	3,055.0

Total interest expense recognized on the Convertible Subordinated Notes for the three and six months ended June 30, 2013 and 2012 is as follows:

The remaining principal payments under existing debt agreements as of June 30, 2013 are as follows:



	Remaining six months of 2013		2014		2015		2016		2017		Thereafter
	(in millions)
Recourse:
Manufacturing/Corporate	$	0.2	$	0.2	$	0.2	$	0.2	$	0.2	$	450.0
Leasing – capital lease obligations (Note 6)	1.5		3.1		3.3		3.5		3.7		28.6
Non-recourse – leasing (Note 6):
2006 secured railcar equipment notes	7.9		16.9		18.6		21.9		24.1		159.1
Promissory notes	14.5		25.4		22.7		349.2		—		—
2009 secured railcar equipment notes	5.2		9.9		9.6		6.5		6.3		166.7
2010 secured railcar equipment notes	7.3		14.0		15.3		15.0		13.7		268.9
TILC warehouse facility - facility termination payments	—		—		55.8		111.6		—		—
2012 secured railcar equipment notes - RIV 2013	8.4		16.6		15.7		15.9		13.8		256.6
TRIP Master Funding secured railcar equipment notes	20.6		40.1		35.7		29.3		20.4		631.3
Total principal payments	$	65.6	$	126.2	$	176.9	$	553.1	$	82.2	$	1,961.2