GBX · The Greenbrier Companies, Inc.

The Greenbrier Companies, Inc. entered into two amendments on May 5, 2026: the Sixth Amendment to its revolving credit facility and the Third Amendment to its term loan facility. The Sixth Amendment removed the SOFR Adjustment and made conforming changes. The Third Amendment refinanced existing term loans into a $300 million Amended Term Loan and established a $125 million Delayed Draw Term Loan Facility, both maturing May 5, 2032. The delayed draw facility has a six-month availability period and is subject to conditions. Proceeds will support general corporate purposes, including expanding Greenbrier Leasing Company's lease fleet. The new loan is non-recourse to Greenbrier and replaces the existing leasing term loan maturing in August 2027. This financing provides long-term, efficient funding to support the strategic priority of growing the leasing platform, which generates recurring revenue and tax-advantaged cash flows. The press release highlights management's confidence in the company's strategy and the support of banking partners.