Loan & DebtMay 5, 2026, 04:40 PM
Greenbrier Secures New $425M Leasing Term Loan, Extends Maturity
AI Summary
Greenbrier's subsidiary, Greenbrier Leasing Company LLC, secured a new $425 million term loan, replacing an existing loan and extending its maturity to May 2032. The loan includes an initial $300 million draw and a $125 million delayed draw facility, intended for general corporate purposes and expanding the leasing fleet. Additionally, Greenbrier amended its main credit facility to remove the SOFR Adjustment.
Key Highlights
- Greenbrier Leasing secured a new $425 million term loan facility.
- The new term loan extends maturity to May 5, 2032, from August 2027.
- $300 million of the term loan was drawn at closing.
- A $125 million delayed draw term loan facility is available for six months.
- Proceeds will be used for general corporate purposes and expanding the leasing fleet.
- The Sixth Amendment removes the SOFR Adjustment from the Original Credit Facility.