---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-206582"
form_type: "8-K"
ticker: "GBX"
cik: "0000923120"
company_name: "GREENBRIER COMPANIES INC"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:44:16.402124+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greenbrier closes $425M non-recourse leasing term loan, extending maturity to 2032

## Summary
- $300M drawn at closing; $125M delayed draw available for 6 months to purchase secondary-market railcars.
- New loan is non-recourse, matures May 5, 2032, replacing existing leasing term loan due August 2027.
- Proceeds will support lease fleet expansion and general corporate purposes; CEO cites strategic priority to grow recurring revenue.

## SEC filing metadata
- accession: 0001193125-26-206582
- form_type: 8-K
- ticker: GBX
- cik: 0000923120
- company_name: GREENBRIER COMPANIES INC
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/gbx-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-206582
- JSON: https://secwatch.observer/filing/0001193125-26-206582.json
- Plain text: https://secwatch.observer/filing/0001193125-26-206582.txt

## Key facts
- Debt Financings
  GREENBRIER COMPANIES INC incurred term loan of Up to $125 million with Bank of America, N.A. maturing May 5, 2032.
  - Instrument: term loan
  - Principal: Up to $125 million
  - Counterparty: Bank of America, N.A.
  - Maturity: May 5, 2032
  - Event: incurrence
  source text: a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”) in an aggregate amount of up to $125 million (“Delayed Draw Term Loans”), which has an availability period of six (6) months from the Effective Date and is subject to the satisfaction of certain conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm
- Debt Financings
  GREENBRIER COMPANIES INC amended credit facility with Bank of America, N.A..
  - Instrument: credit facility
  - Counterparty: Bank of America, N.A.
  - Event: amendment
  source text: The Sixth Amendment provides for removal of the “SOFR Adjustment” in respect of interest rates determined with reference to Term SOFR and makes certain conforming changes related thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm
- Debt Financings
  GREENBRIER COMPANIES INC amended term loan of $300 million with Bank of America, N.A. maturing May 5, 2032.
  - Instrument: term loan
  - Principal: $300 million
  - Counterparty: Bank of America, N.A.
  - Maturity: May 5, 2032
  - Event: amendment
  source text: the Third Amendment provides for (i) a refinancing of the existing term loans under the Original Term Facility, resulting in aggregate term loans outstanding on the Effective Date of $300 million (the “Amended Term Loan”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm
- Material Agreements
  GREENBRIER COMPANIES INC amended Sixth Amendment to Fourth Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent (effective 2026-05-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Effective: 2026-05-05
  source text: On May 5, 2026 (the “Effective Date”), The Greenbrier Companies, Inc. (“Greenbrier”) entered into a Sixth Amendment to Fourth Amended and Restated Credit Agreement (the “Sixth Amendment”), with Bank of America, N.A. (“BofA”), as Administrative Agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm
- Material Agreements
  GREENBRIER COMPANIES INC amended Third Amendment to Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent valued at $300 million (effective 2026-05-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Value: $300 million
  - Effective: 2026-05-05
  source text: Greenbrier Leasing Company LLC (“GLC”), a wholly-owned subsidiary of Greenbrier, entered into a Third Amendment to Amended and Restated Credit Agreement (the “Third Amendment”), with BofA, as Administrative Agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/923120/000119312526206582/0001193125-26-206582-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.