Trinity Industries Leasing Co. (TILC) has printed a brand new framework that may enable it “to challenge inexperienced financing devices, together with inexperienced non-recourse ABS bonds and inexperienced loans, supported by inexperienced eligible property,” the corporate reported Jan. 25.
TILC mentioned its Inexperienced Financing Framework (obtain under) is backed by a “second-party opinion” from Sustainalytics, a Morningstar Firm, which gives ESG (Environmental, Social and Governance) analysis, rankings and information. Eight of its excellent debt financings, which symbolize greater than $4 billion of railcar-related debt, “meet the factors and qualify for the Inexperienced Financing designation,” TILC mentioned.
The railcar lessor mentioned it can handle and report on eligible initiatives and property, in keeping with the Inexperienced Bond Rules, 2018, in addition to Inexperienced Mortgage Rules, 2020. Crédit Agricole CIB, which served as a “Inexperienced Structuring Advisor” for Trinity, will proceed to work with the corporate on its sustainable finance efforts.
“TILC has been a pioneer in growing the railcar asset-backed securitization market since 2001, and we’re happy to, as soon as once more, be main the cost for the North American railcar business as the primary railcar lessor to publish a Inexperienced Financing Framework for railcar property,” Government Vice President and Chief Monetary Officer Eric Marchetto mentioned.
Added Trinity Industries CEO and President Jean Savage: “TILC’s Inexperienced Financing Framework is a crucial step to contributing to a extra resource-efficient economic system, embedding local weather change mitigation into our enterprise technique, and higher facilitating our clients’ alignment in confronting these rising challenges.”
DOWNLOAD TILC’s COMPLETE GREEN FINANCING FRAMEWORK: