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BRIEF- Trinity Industries $1 billion extension of strategic railcar alliance with Element Financial Corporation

Published 2015-10-14, 08:17 a/m
© Reuters.  BRIEF- Trinity Industries $1 billion extension of strategic railcar alliance with Element Financial Corporation

Oct 14 (Reuters) - Trinity Industries Inc TRN.N :
* Press release - Trinity Industries Inc announces $1 billion extension of
strategic railcar alliance with Element Financial Corporation
* Says expected to acquire up to an additional $1 billion of leased railcars
during the period of 2016 through 2019
* Consistent with existing alliance, sales are expected to be reported in both
the rail and leasing and management services groups
* At this time, the amount of expected sales to Element in each year of the
extended alliance has not been determined
* Says unit trinityrail asset management company announced extension of railcar
alliance with Element Financial Corp
* Says tilc will continue to act as exclusive servicer for the leased railcars
purchased by Element under the alliance

* Source text for Eikon ID:nBw8tplMFa

* Further company coverage TRN.N

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