Trinity Industries Inc. Third Amended and Restated Credit Agreement

Trinity Industries, Inc. has entered into a Third Amended and Restated Credit Agreement, establishing a $600.0 million unsecured revolving line of credit. This new agreement replaces the previous one dated July 25, 2022. The credit facility matures on June 12, 2031, with a condition to mature earlier on April 15, 2028, if the Company's 7.750% senior notes due 2028 are not fully repaid by that date. The Company has the option to increase the commitments by up to $300.0 million under certain conditions and has a borrowing capacity of $100.0 million for letters of credit. Interest rates on borrowings are variable, based on either the Secured Overnight Financing Rate (SOFR) or the Canadian Overnight Repo Rate Average (CORRA), plus an applicable margin that adjusts with the Company's leverage ratio. Initially, the margin is set at 1.50%. A commitment fee on the unused portion of the facility ranges from 0.175% to 0.30%, initially set at 0.20%. Key subsidiaries, including Trinity Industries Leasing Company, Trinity Rail Group, LLC, and others, are guarantors of the obligations under the agreement. The agreement includes customary covenants, financial covenants requiring the maintenance of interest coverage and maximum net leverage ratios, representations and warranties, and events of default.