--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-037650" form_type: "8-K" ticker: "GBX" cik: "0000923120" company_name: "GREENBRIER COMPANIES INC" filed_at: "2026-02-04T23:59:59+00:00" generated_at: "2026-05-16T05:12:07.320340+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Greenbrier closes $300M railcar ABS with 5.2% blended rate, AA/A ratings ## Summary - Issued $280.4M Class A notes at 5.13% and $19.6M Class B notes at 5.30% via GBX Leasing 2022-1 LLC. - Notes rated 'AA' (Class A) and 'A' (Class B) by S&P; weighted average lives of 6.7 and 7.0 years, respectively. - Includes a 2.5-year call feature; interest payable monthly, final maturity February 22, 2056. - Secured by a railcar portfolio and operating leases; non-recourse financing not guaranteed by Greenbrier. - Net proceeds used for general corporate purposes; CEO cites strong demand and favorable terms. ## SEC filing metadata - accession: 0001193125-26-037650 - form_type: 8-K - ticker: GBX - cik: 0000923120 - company_name: GREENBRIER COMPANIES INC - filed_at: 2026-02-04T23:59:59+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/923120/000119312526037650/0001193125-26-037650-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923120/000119312526037650/d89707d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-037650 - JSON: https://secwatch.observer/filing/0001193125-26-037650.json - Plain text: https://secwatch.observer/filing/0001193125-26-037650.txt ## Key facts - Debt Financings GREENBRIER COMPANIES INC incurred senior notes of aggregate principal amount of $19,575,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class B with qualified institutional buyers at 5.30% maturing stated final maturity date of February 22, 2056. - Instrument: senior notes - Principal: aggregate principal amount of $19,575,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class B - Counterparty: qualified institutional buyers - Rate: 5.30% - Maturity: stated final maturity date of February 22, 2056 - Event: incurrence source text: On February 4, 2026, 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 Delaware limited liability company and a wholly-owned subsidiary of The Greenbrier Companies, Inc. (“Greenbrier”) issued (i) an aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class A (the “Class A Notes”) and (ii) an aggregate principal amount of $19,575,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class B (the “Class B Notes”) (the Class A Notes and the Class B Notes are, collectively, the “Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526037650/0001193125-26-037650-index.htm - Debt Financings GREENBRIER COMPANIES INC incurred senior notes of aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class A with qualified institutional buyers at 5.13% maturing stated final maturity date of February 22, 2056. - Instrument: senior notes - Principal: aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class A - Counterparty: qualified institutional buyers - Rate: 5.13% - Maturity: stated final maturity date of February 22, 2056 - Event: incurrence source text: On February 4, 2026, 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 Delaware limited liability company and a wholly-owned subsidiary of The Greenbrier Companies, Inc. (“Greenbrier”) issued (i) an aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class A (the “Class A Notes”) and (ii) an aggregate principal amount of $19,575,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class B (the “Class B Notes”) (the Class A Notes and the Class B Notes are, collectively, the “Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526037650/0001193125-26-037650-index.htm - Material Agreements GREENBRIER COMPANIES INC entered into Series 2026-1 Supplement with U.S. Bank Trust Company, National Association valued at an aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Serie (effective 2026-02-04). - Action: entry - Agreement: notes offering - Counterparty: U.S. Bank Trust Company, National Association - Value: an aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Serie - Effective: 2026-02-04 source text: On February 4, 2026, 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 Delaware limited liability company and a wholly-owned subsidiary of The Greenbrier Companies, Inc. (“Greenbrier”) issued (i) an aggregate principal amount of $280,425,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 Class A (the “Class A Notes”) and (ii) an aggregate principal amount of $19,575,000 of the Issuer’s Secured Railcar Equipment Notes, Series 2026-1 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 2026-1 Supplement dated February 4, 2026 (“Series 2026-1 Supplement” together with the Master Indenture, the “Indentur evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526037650/0001193125-26-037650-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.