Greenbrier Announces New $150M Term Loan
August 4, 2022
By: The Greenbrier Companies
Source: Seeking Alpha
- 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.
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
© 2025 Secured Finance Network
