{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-280718","form_type":"8-K","ticker":"GBX","cik":"0000923120","company_name":"GREENBRIER COMPANIES INC","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.422972+00:00","generated_at":"2026-06-07T23:43:55.965347+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Greenbrier closes $178.5M railcar ABS; Class A notes get first 'AA' rating","bullets":["Closed $178.5M railcar ABS (Class A $158.9M at 6.42%, Class B $19.6M at 7.28%).","Class A notes rated 'AA' by S&P, a first for Greenbrier; Class B rated 'A'.","Notes have weighted average life of ~6.5 years (Class A) and ~6.7 years (Class B).","Non-recourse financing with 2.5-year call feature; proceeds for general corporate purposes.","CEO Tekorius says financing supports growth of lease fleet and recurring revenue goal."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-280718","json":"https://secwatch.observer/filing/0001193125-23-280718.json","markdown":"https://secwatch.observer/filing/0001193125-23-280718.md","text":"https://secwatch.observer/filing/0001193125-23-280718.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923120/000119312523280718/0001193125-23-280718-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923120/000119312523280718/d608416d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:43:55.965347+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3eb12f9950f744afdd9a9001f625c8d231e544a1","claim":"GREENBRIER COMPANIES INC incurred senior notes of $19,600,000 of the Issuer's Secured Railcar Equipment Notes, Series 2023-1 Class B with U.S. Bank Trust Company, National Association at 7.28% maturing November 20, 2053.","evidence_excerpt":"The Notes were issued pursuant to a Master Indenture, dated February 9, 2022 (the “Master Indenture”) between the Issuer and U.S. Bank Trust Company, National Association, as indenture trustee, as supplemented by a Series 2023-1 Supplement dated November 20, 2023 (“Series 2023-1 Supplement” together with the Master Indenture, the “Indenture”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/923120/000119312523280718/0001193125-23-280718-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$19,600,000 of the Issuer's Secured Railcar Equipment Notes, Series 2023-1 Class B"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.28%"},{"label":"Maturity","value":"November 20, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"988771717fc8702e7d7ed08371ff55bb448da596","claim":"GREENBRIER COMPANIES INC incurred senior notes of $158,900,000 of the Issuer's Secured Railcar Equipment Notes, Series 2023-1 Class A with U.S. Bank Trust Company, National Association at 6.42% maturing November 20, 2053.","evidence_excerpt":"On November 20, 2023, GBX Leasing 2022-1 LLC (the \"Issuer\"), a Delaware limited liability company and a wholly owned special purpose subsidiary of GBX Leasing, LLC (\"GBXL\"), a wholly-owned subsidiary of The Greenbrier Companies, Inc. (\"Greenbrier\") issued (i) an aggregate principal amount of $158,900,000 of the Issuer's Secured Railcar Equipment Notes, Series 2023-1 Class A (the \"Class A Notes\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/923120/000119312523280718/0001193125-23-280718-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$158,900,000 of the Issuer's Secured Railcar Equipment Notes, Series 2023-1 Class A"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.42%"},{"label":"Maturity","value":"November 20, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cbc448863ad3a2d686ee37ac154b7be1cbb757f3","claim":"GREENBRIER COMPANIES INC entered into Series 2023-1 Supplement with U.S. Bank Trust Company, National Association valued at an aggregate principal amount of $158,900,000 of the Issuer's Secured Railcar Equipment Notes, Serie (effective 2023-11-20).","evidence_excerpt":"On November 20, 2023, GBX Leasing 2022-1 LLC (the “Issuer”), a Delaware limited liability company and a wholly owned special purpose subsidiary of GBX Leasing, LLC (“GBXL”), a wholly-owned subsidiary of The Greenbrier Companies, Inc. (“Greenbrier”) issued (i) an aggregate principal amount of $158,900,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2023-1 Class A (the “Class A Notes”) and (ii) an aggregate principal amount of $19,600,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2023-1 Class B (the “Class B Notes”) (the Class A Notes and the Class B Notes are, collectively, the “Notes”). The Notes were issued pursuant to a Master Indenture, dated February 9, 2022 (the “Master Indenture”) between the Issuer and U.S. Bank Trust Company, National Association, as indenture trustee, as supplemented by a Series 2023-1 Supplement dated November 20, 2023","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923120/000119312523280718/0001193125-23-280718-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"an aggregate principal amount of $158,900,000 of the Issuer's Secured Railcar Equipment Notes, Serie"},{"label":"Effective","value":"2023-11-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}