Bascome Majors

Andrzej Tomczyk

Justin Bergner

- Trinity Industries Leasing Company (TILC) and its subsidiary Trinity Rail Leasing 2025 LLC (TRL-2025) entered into a **Note Purchase Agreement** on **October 15, 2025**.  **[99780_0000099780-25-000114_trn-20251015.htm:1]** 
- The agreement provides for the issuance and sale of **$535,240,000** in Secured Green Standard Railcar Equipment Notes, Series 2025-1.  **[99780_0000099780-25-000114_exh101-trl2025x1xnotepurch.htm:0]** 
- The notes consist of **Class A Notes** totaling **$498,580,000** with a **5.09%** interest rate and **Class B Notes** totaling **$36,660,000** with a **5.30%** interest rate, both having a stated final maturity date of **October 19, 2055**.  **[99780_0000099780-25-000114_exh101-trl2025x1xnotepurch.htm:0]** **[99780_0000099780-25-000114_trn-20251015.htm:1]** 
- These notes will be secured by approximately **7,821 railcars** and their operating leases.  **[99780_0000099780-25-000114_trn-20251015.htm:1]** 
- The issuance and sale are part of an **asset-backed securitization** scheduled to close on or about **October 28, 2025**, with proceeds used to fund railcar acquisitions and issuance costs.  **[99780_0000099780-25-000114_trn-20251015.htm:1]** **[99780_0000099780-25-000114_exh101-trl2025x1xnotepurch.htm:16]**

TRINITY INDUSTRIES (TRN)