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Trinity, Wafra Form Investment Partnership

Trinity, Wafra Form Investment Partnership
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United statesFawaz al mubarakiTrinity industries leasing company itTrinity industries leasing companyTrinity industries incRailway age financial editor david nahassWafra form investment partnershipRail holdingsWafra incTrinity industriesWafra form investment partnership writtenSignal rail holdingsWafra fundsIndustries presidentஒன்றுபட்டது மாநிலங்களில்திரித்துவம் தொழில்கள் குத்தகை நிறுவனம்

Trinity Refinances Outstanding Debt, Renames Subsidiaries

Trinity Refinances Outstanding Debt, Renames Subsidiaries Trinity Refinances Outstanding Debt, Renames Subsidiaries Written by Marybeth Luczak, Executive Editor “These refinancings [of TRIP Holdings and RIV 2013] are part of Trinity’s strategic initiatives to improve our returns and drive shareholder value through lowering our cost of capital, and will result in the reduction of the Company’s cost of debt by 50 basis points,” Trinity EVP and CFO Eric Marchetto said. Trinity Industries’ two partially owned lease subsidiaries have entered into agreements to refinance more than $1.2 billion in outstanding debt. TRIP Rail Holdings LLC (TRIP Holdings) and RIV 2013 Rail Holdings LLC (RIV 2013) will use the proceeds from the newly issued debt to “fully repay and redeem existing notes and fund expenses related to the refinancing,” Trinity reported.

United statesTrinity industrieEric marchettoTriumph railRail master fundingRail holdingsRailcar coTrinity refinances outstanding debtRenames subsidiaries writtenTrinity rail leasingMaster fundingChief financial officer eric marchettoNorth americaGreen financing frameworkஒன்றுபட்டது மாநிலங்களில்திரித்துவம் தொழில்

Agracel Unveils Rail Affiliate, Partnership

Agracel Unveils Rail Affiliate, Partnership May 25, 2021 Agracel Unveils Rail Affiliate, Partnership Written by Marybeth Luczak, Executive Editor Effingham, Ill.-based Agracel Rail has formed South Point & Ohio Railroad to lease, operate and manage The Point Industrial Park’s (pictured) rail services. Agracel Rail Holdings, a new affiliate of industrial development services provider Agracel, Inc., has teamed with Lawrence Economic Development Corp. (LEDC) to revamp The Point Industrial Park in South Point, Ohio. Effingham, Ill.-based Agracel Rail formed South Point & Ohio Railroad (SPOR) to lease, operate and manage The Point’s rail services and invest in safety improvements and track upgrades. It will market several hundred acres of industrial park sites, and work with LEDC, OhioSE and JobsOhio to attract and retain manufacturing jobs in the region.

United statesJason kesterAgracel scott lurkinsScott lurkinsAgracel rail coAgracel rail holdingsLawrence economic development corpAgracel incPoint ohio railroadIllinois western railroadEffingham railroadAgracel unveils rail affiliatePartnership writtenAgracel railSouth pointOhio railroad

A Stucki s Kiefer Retiring - Railway Age

A. Stucki’s Kiefer Retiring Bill Kiefer Rail supply community stalwart Bill Kiefer, President and CEO of A. Stucki Company since 2003, on March 31 announced his retirement. He remains on the company’s board of directors. A. Stucki Company, a major provider of engineered components, systems and services for the railroad industry and other markets, described Kiefer as “the leader of its expansion, development and success.” Stucki’s parent company, SCI Rail Holdings LLC, a division of Stone Canyon Industries Holdings LLC, is searching for a new CEO. “The goal during this transition is to minimize disruption, sustain the focus on Stucki’s key strategic priorities and continue providing excellent customer service,” the company said.

United statesAdam cohnAnnette camuso sarsfieldGray pattersonJames fordyceA stucki kieferDavid brownOhio universityRail holdingsYoungstown state universityStone canyon holdingsStone canyon industries holdingsA stucki companyKiefer retiring writtenBill kieferStucki company