Crédit Agricole CIB Acts as Green Structuring Advisor for Trinity, Who Becomes the First Railcar Lessor in North America to ...
26 Janeiro 2021 - 10:30AM
Business Wire
Crédit Agricole CIB is Green Structuring Advisor to the
publication of Trinity Industries Leasing Company’s (“TILC”) Green
Financing Framework. TILC is a wholly-owned subsidiary of Trinity
Industries, Inc.
The Green Financing Framework enables TILC to issue green
financing instruments, including green non-recourse ABS bonds and
green loans, supported by green eligible assets. TILC will manage
and report on eligible projects and assets, in line with the Green
Bond Principles, 2018 and the Green Loan Principles, 2020. Under
the framework, currently eight of TILC’s outstanding debt
financings, representing over $4 billion of railcar-related debt,
meet the criteria and qualify for the Green Financing designation.
The Green Financing Framework underwent an external assessment by
Sustainalytics, a Morningstar, Inc. company and an independent
provider of ESG and corporate governance research, ratings and
analytics, which provided a Second-Party Opinion on the Green
Financing Framework.
Elisa Lajonchere, Managing Director and Head of the North
American Rail team at Crédit Agricole CIB said: “TILC is the first
railcar lessor in North America to publish a Green Financing
Framework. Crédit Agricole CIB is very excited to partner with
Trinity to be at the forefront of this initiative for the industry
and align our mutual commitment to sustainable financing and
sustainable development goals.”
Eric Marchetto, Executive Vice President and Chief Financial
Officer at TILC added: “Trinity is committed to reducing its own
environmental impact as we recognize climate change is a challenge
facing our business, the industry, and the communities in which we
service. We are proud to be leading the charge for the North
American railcar industry as the first railcar lessor to publish a
Green Financing Framework for railcar assets, and we are pleased to
have Credit Agricole CIB supporting Trinity in our sustainable
finance efforts.”
About Crédit Agricole Corporate and Investment Bank (Crédit
Agricole CIB)
Crédit Agricole CIB is the corporate and investment banking arm
of Credit Agricole Group, the 12th largest banking group worldwide
in terms of tier 1 capital (The Banker, July 2019). Nearly 8,400
employees across Europe, the Americas, Asia-Pacific, the Middle
East and Africa support the Bank's clients, meeting their financial
needs throughout the world. Crédit Agricole CIB offers its large
corporate and institutional clients a range of products and
services in capital markets activities, investment banking,
structured finance, commercial banking and international trade. The
Bank is a pioneer in the area of climate finance, and is currently
a market leader in this segment with a complete offer for all its
clients.
For many years Crédit Agricole CIB has been committed to
sustainable development. The Bank was the first French bank to sign
the Equator Principles in 2003. It has also been a pioneer in Green
Bond markets with the arrangement of public transactions from 2012
for a wide array of issuers (supranational banks, corporates, local
authorities, banks) and was one of the co-drafter of Green Bond
Principles and of the Social Bond Guidance. Relying on the
expertise of a dedicated sustainable banking team and on the strong
support of all bankers, Crédit Agricole CIB is one of the most
active banks in the Green bonds market.
For more information, please visit www.ca-cib.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210126005131/en/
Jenna Lee Head of Communications for the Americas (212) 261-7328
jenna.lee@ca-cib.com
Credit Agricole (EU:ACA)
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