LAKE OSWEGO, Ore., May 27, 2025 – The Greenbrier Companies, Inc. (NYSE: GBX) (“Greenbrier”), a leading international supplier of equipment and services to global freight transportation markets, today announced the renewal and extension of two bank facilities totaling $850 million completed on May 21, 2025. Greenbrier renewed its $600 million domestic revolving facility and $250 million term loan, with favorable pricing and terms, extending both instruments by five years until 2030. With this activity completed, remaining long-term debt maturities are staggered into 2030, with the next significant debt tranche maturing in 2027.
Lorie Tekorius, CEO and President, said, “The renewal and extension of these facilities and the continued expansion of our Leasing platform demonstrate Greenbrier’s purposeful approach to debt management and capital deployment. Over the last two years, we have thoughtfully realigned our debt profile to feature more non-recourse borrowing, following two successful Asset-Backed Security offerings in 2022 and 2023, and the repayment of $180 million of recourse debt. This maximizes shareholder returns through a balanced approach to equity and non-recourse debt.”
Tekorius added, “I appreciate the ongoing support from Greenbrier’s banking group. A healthy liquidity position is critical to any operating business and a cornerstone of Greenbrier’s strategy to navigate various market conditions successfully and act opportunistically when markets are strong.”
