Crédit Agricole CIB closes the first Green Loan for Trinity, who becomes the first railcar lessor in North America to issue ...
10 Fevereiro 2021 - 12:25PM
Business Wire
Crédit Agricole CIB is Green Loan Coordinator for Trinity
Industries Leasing Company’s (“TILC”) first Green Loan.
On February 8, 2021, Crédit Agricole CIB, acting as Green Loan
Coordinator, closed the Green Loan amendment of the non-recourse
senior secured term loan for Trinity Rail Leasing 2017 LLC (“TRL
2017”). The facility was initially a $663MM 7-year non-recourse
senior secured term loan dated November 2018 and has been upsized
by $225MM in July 2020. TRL 2017 is a wholly-owned subsidiary of
Trinity Industries Leasing Company, which is ultimately
wholly-owned by Trinity Industries, Inc. This is the first Green
Loan issued by TILC following the publication of its Green
Financing Framework and the first Green Loan for a railcar lessor
in North America.
Earlier this year, Crédit Agricole CIB acted as Green
Structuring Advisor for TILC which published its Green Financing
Framework on January 25, 2021. 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’s term loan issued by TRL 2017 is aligned with TILC’s
Green Financing Framework.
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 2020). 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/20210210005657/en/
Press contact:
Jenna Lee Head of Communications for the Americas (212) 261-7328
jenna.lee@ca-cib.com
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