Date of Report (Date of Earliest Event Reported): | April 23, 2018 |
Delaware | 1-6903 | 75-0225040 | ||
(State or other jurisdiction of incorporation | (Commission File No.) | (I.R.S. Employer Identification No.) | ||
2525 N. Stemmons Freeway, Dallas, Texas | 75207-2401 | |||
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: | 214-631-4420 |
Item 2.04 | Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
Trinity Industries, Inc. | ||
April 23, 2018 | By: | /s/ James E. Perry |
Name: James E. Perry | ||
Title: Senior Vice President and Chief Financial Officer |
(1) | the redemption will occur on June 1, 2018 (the “Redemption Date”); |
(2) | the redemption price is equal to 100% of the principal amount of the Securities to be redeemed on the Redemption Date, plus accrued and unpaid interest (including Contingent Interest, if any), to, but excluding, the Redemption Date (the “Redemption Price”); |
(3) | the amount of accrued and unpaid interest, to, but excluding, the Redemption Date, is $19.375 per $1,000 principal amount of the Securities, and there is no Contingent Interest payable in connection with the redemption; |
(4) | on the Redemption Date, the Redemption Price will become due and payable upon each Security to be redeemed, and, unless the Company defaults in making the redemption payment, interest thereon shall cease to accrue on and after the Redemption Date; |
(5) | the Securities may be surrendered for payment of the Redemption Price to the Paying Agent (set forth in paragraph (12) below), through the facilities of the Depository Trust Company in the usual manner; |
(6) | the Securities called for redemption must be surrendered to the Paying Agent to collect the Redemption Price; |
(7) | payment of the Redemption Price will be made through the facilities of the Depository Trust Company in the usual manner; |
(8) | the Securities called for redemption may be converted as provided in Article XII of the Indenture and paragraph 8 of the Securities at any time prior to the close of business on the second Trading Day prior to the Redemption Date, or 5:00 p.m., New York City time, on May 30, 2018 (the “Conversion Deadline”); |
(9) | the current Conversion Rate is equal to 41.4390 per each $1,000 principal amount of the Securities, which Conversion Rate may be subject to adjustment pursuant to Article XII of the Indenture; |
(10) | any Holders who wish to convert the Securities must comply with the procedures set forth in paragraph 8 of the Securities; |
(11) | the Securities may be surrendered for conversion to the Conversion Agent (set forth in paragraph (12) below), through the facilities of the Depository Trust Company, at any time prior to the Conversion Deadline; |
(12) | the name and address of the Paying Agent/Conversion Agent are indicated below: |
Air Courier Service: | By Registered or Certified Mail: |
Wells Fargo Bank, N.A. | Wells Fargo Bank, N.A. |
Corporate Trust Operations | Corporate Trust Operations |
MAC N9300-070 | MAC N9300-070 |
600 Fourth Street South, 7th Floor | PO BOX 1517 |
Minneapolis, MN 55479 | Minneapolis, MN 55480-1517 |
(13) | no representation is made as to the correctness or accuracy of the CUSIP number listed above or as printed on the Securities. |
NEWS RELEASE |
Investor Contact: |
Preston Bass |
Director, Investor Relations |
Trinity Industries, Inc. |
214/631-4420 |
Media Contact: |
Jack Todd |
Vice President, Public Affairs |
Trinity Industries, Inc. |
214/589-8909 |
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