Greenbrier Announces New $425 Million Leasing Term Loan
Greenbrier Companies Inc. (NYSE: GBX) has secured a new $425 million non-recourse term loan to support the expansion of its lease fleet. The loan replaces an existing one maturing in 2027 and extends the maturity to 2032. The company plans to use $125 million of the loan for railcar purchases in the secondary market.
Tickers: $GBX
Topics: financing fleet expansion non-recourse debt recurring revenue term loan