- The Greenbrier Companies ( NYSE: GBX ) announced that its Greenbrier Leasing subsidiary has entered a new $150M term loan to finance the continued growth of its leasing fleet.
- The new loan is non-recourse to Greenbrier, matures in July 2027 and has terms similar to Greenbrier Leasing's term loan completed in August 2021.
- Half of the loan amount was drawn at closing and the remaining balance is expected to be utilized in the next six months.
- Interest rates on Greenbrier's long-term debt are fixed at attractive levels, with no material debt maturities until 2026.
- Strong liquidity, combined with new railcar backlog valued at $3.6B as of May 31, 2022, and continued high lease fleet utilization, positions Greenbrier well to navigate current macroeconomic conditions.
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Greenbrier announces new $150M term loan