Greenbrier Completes Successful Railcar ABS Issuance, Securing Long-Term Financing for Leasing Business

Greenbrier completed a railcar asset-backed securities issuance, securing long-term financing for its leasing business. The offering of $300 million of notes has a blended interest rate of 5.2% and a 2.5-year call feature. The transaction is non-recourse to Greenbrier and reflects continued market confidence in the company's railcar portfolios. The deal supports Greenbrier's growth strategy and investment in its railcar fleet.