Item 7.01 Regulation FD Disclosure.
Trinity Industries, Inc. ("Trinity", the "Company") hereby furnishes the
information set forth in its News Release, dated August 18, 2021, announcing the
formation of Signal Rail Holdings LLC, a joint venture with a subsidiary of
Wafra, Inc. ("Wafra"), to develop a portfolio of leased railcars.
The Company expects the sale of the initial portfolio of railcars described in
the News Release will result in sales proceeds of approximately $325 million and
gains on lease portfolio sales of approximately $28 million - $32 million, with
on-going fee revenue to be earned from servicing the railcars. The Company's net
lease fleet investment for 2021 is now expected to be between $50 million and
$100 million.
The information being furnished pursuant to this Item 7.01, including Exhibit
99.1, shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed to be
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such
filing. Exhibit 99.1 is hereby incorporated by reference in response to this
Item 7.01. Additionally, the submission of the report on Form 8-K is not an
admission of the materiality of any information in this report.
Forward-Looking Statements
Some statements in the News Release, which are not historical facts, are
"forward-looking statements" as defined by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements about
Trinity's estimates, expectations, beliefs, intentions or strategies for the
future, including transactions with and actions relating to the joint venture.
The assumptions underlying these forward-looking statements include, but are not
limited to, future financial and operating performance, future opportunities and
any other statements regarding events or developments that Trinity believes or
anticipates will or may occur in the future, including the potential financial
and operational impacts of the COVID-19 pandemic. Forward-looking statements
speak only as of the date hereof, and Trinity expressly disclaims any obligation
or undertaking to disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in Trinity's expectations with
regard thereto or any change in events, conditions or circumstances on which any
such statement is based, except as required by federal securities laws.
Forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from historical experience or our present
expectations, including but not limited to risks and uncertainties regarding
economic, competitive, governmental, and technological factors affecting
Trinity's operations, markets, products, services and prices, and such
forward-looking statements are not guarantees of future performance. In
particular, the closing of future sales to the joint venture are subject to
general market and other conditions, which in turn are subject to a broad range
of risks and uncertainties that could affect Trinity, and there are no
assurances that such sales will be completed when expected or at all. For a
discussion of such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements, see "Risk
Factors" and "Forward-Looking Statements" in Trinity's Annual Report on Form
10-K for the most recent fiscal year, as may be revised and updated by Trinity's
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

--------------------------------------------------------------------------------

Item 9.01 Financial Statements and Exhibits.

(a) - (c) Not applicable.



(d) Exhibits:
    NO.                                              DESCRIPTION
     99.1            Joint news release by the Company and Wafra dated August 18, 2021, announcing
                   the formation of a joint venture.
     101.INS       Inline XBRL Instance Document - the instance document does not appear in the
                   Interactive Data File because its XBRL tags are embedded within the Inline XBRL
                   document.
     101.SCH       Inline XBRL Taxonomy Extension Schema Document (filed electronically herewith).

     101.LAB       Inline XBRL Taxonomy Extension Label Linkbase Document (filed electronically
                   herewith).
     101.PRE       Inline XBRL Taxonomy Extension Presentation Linkbase Document (filed
                   electronically herewith).

         104       Cover Page Interactive Data File (formatted as Inline XBRL and contained in
                   Exhibit 101).



--------------------------------------------------------------------------------

© Edgar Online, source Glimpses