Greenbrier Renews & Extends $850 Million of Bank Facilities
Greenbrier (NYSE: GBX) has successfully renewed and extended two major bank facilities totaling $850 million until 2030. The renewal includes a $600 million domestic revolving facility and a $250 million term loan, both maintaining favorable pricing and terms. The company's next significant debt maturity is now scheduled for 2027.
Over the past two years, Greenbrier has strategically restructured its debt profile to include more non-recourse borrowing, following successful Asset Backed Security offerings in 2022 and 2023, and has repaid $180 million of recourse debt. This approach aims to maximize shareholder returns through a balanced combination of equity and non-recourse debt while maintaining strong liquidity.
Greenbrier (NYSE: GBX) ha rinnovato e prorogato con successo due importanti linee di credito bancarie per un totale di 850 milioni di dollari fino al 2030. Il rinnovo comprende una linea di credito revolving domestica da 600 milioni di dollari e un prestito a termine da 250 milioni di dollari, entrambi con condizioni e prezzi vantaggiosi. La prossima scadenza rilevante del debito dell'azienda è ora prevista per il 2027.
Negli ultimi due anni, Greenbrier ha ristrutturato strategicamente il proprio profilo di debito includendo un maggior ricorso a finanziamenti non garantiti, grazie al successo delle emissioni di Asset Backed Security nel 2022 e 2023, e ha rimborsato 180 milioni di dollari di debito garantito. Questa strategia mira a massimizzare i rendimenti per gli azionisti attraverso un equilibrio tra capitale proprio e debito non garantito, mantenendo al contempo una solida liquidità.
Greenbrier (NYSE: GBX) ha renovado y extendido con éxito dos importantes líneas de crédito bancarias por un total de 850 millones de dólares hasta 2030. La renovación incluye una línea de crédito revolvente nacional de 600 millones de dólares y un préstamo a plazo de 250 millones de dólares, ambos con condiciones y precios favorables. La próxima fecha significativa de vencimiento de deuda de la compañía está programada ahora para 2027.
En los últimos dos años, Greenbrier ha reestructurado estratégicamente su perfil de deuda para incluir más financiamiento sin recurso, tras exitosas emisiones de Valores Respaldados por Activos en 2022 y 2023, y ha pagado 180 millones de dólares de deuda con recurso. Este enfoque busca maximizar los retornos para los accionistas mediante una combinación equilibrada de capital y deuda sin recurso, manteniendo una sólida liquidez.
Greenbrier (NYSE: GBX)는 총 8억 5천만 달러 규모의 주요 은행 대출 두 건을 2030년까지 성공적으로 갱신 및 연장했습니다. 갱신에는 6억 달러 규모의 국내 회전 신용 한도와 2억 5천만 달러 규모의 만기 대출이 포함되며, 모두 유리한 금리와 조건을 유지하고 있습니다. 회사의 다음 주요 부채 만기는 현재 2027년으로 예정되어 있습니다.
지난 2년간 Greenbrier는 2022년과 2023년 성공적인 자산담보증권(ABS) 발행에 힘입어 무소구 대출을 늘리는 방향으로 부채 구조를 전략적으로 재편하고, 1억 8천만 달러의 유소구 부채를 상환했습니다. 이 전략은 자본과 무소구 부채의 균형을 통해 주주 수익을 극대화하고 강력한 유동성을 유지하는 데 목적이 있습니다.
Greenbrier (NYSE : GBX) a renouvelé et prolongé avec succès deux importantes facilités bancaires totalisant 850 millions de dollars jusqu'en 2030. Le renouvellement comprend une facilité de crédit renouvelable nationale de 600 millions de dollars et un prêt à terme de 250 millions de dollars, tous deux avec des conditions et tarifs avantageux. La prochaine échéance majeure de la dette de la société est désormais prévue pour 2027.
Au cours des deux dernières années, Greenbrier a restructuré stratégiquement son profil d'endettement pour inclure davantage d'emprunts sans recours, suite aux émissions réussies de titres adossés à des actifs en 2022 et 2023, et a remboursé 180 millions de dollars de dette avec recours. Cette approche vise à maximiser les rendements pour les actionnaires grâce à une combinaison équilibrée de capitaux propres et de dette sans recours, tout en maintenant une forte liquidité.
Greenbrier (NYSE: GBX) hat erfolgreich zwei bedeutende Bankfazilitäten mit einem Gesamtvolumen von 850 Millionen US-Dollar bis zum Jahr 2030 verlängert und erneuert. Die Erneuerung umfasst eine 600-Millionen-Dollar-Inlands-Revolving-Kreditlinie und einen 250-Millionen-Dollar-Tilgungskredit, beide mit günstigen Konditionen und Preisen. Der nächste bedeutende Fälligkeitstermin der Unternehmensverschuldung ist nun für 2027 geplant.
In den letzten zwei Jahren hat Greenbrier seine Schuldenstruktur strategisch umgestaltet, um mehr nicht rückgriffsfähige Darlehen einzubeziehen, nach erfolgreichen Asset Backed Security-Emissionen in 2022 und 2023, und hat 180 Millionen US-Dollar an rückgriffsfähigen Schulden zurückgezahlt. Dieser Ansatz zielt darauf ab, die Aktionärsrenditen durch eine ausgewogene Kombination aus Eigenkapital und nicht rückgriffsfähigen Schulden zu maximieren und gleichzeitig eine starke Liquidität aufrechtzuerhalten.
- Successful extension of $850 million in bank facilities until 2030, improving long-term financial stability
- Maintained favorable pricing and terms on both facilities
- Strategic debt restructuring with focus on non-recourse borrowing
- Repayment of $180 million in recourse debt
- Well-staggered debt maturity profile with next significant tranche due in 2027
- Significant debt exposure with $850 million in facilities
- Continued reliance on debt financing
Maturities extended into 2030
Facilities maintain favorable pricing and terms
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
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."
About Greenbrier
Greenbrier, headquartered in
Forward-Looking Statements
This press release may contain forward-looking statements, including statements that are not purely statements of historical fact. Greenbrier uses words, and variations of words, such as "affect," "anticipate," "approximately," "are," "backlog," "continue," "expansion," "leading," "may," "maintain," "momentum," "position," "result," "strategy," "strong," and similar expressions to identify forward-looking statements. These forward-looking statements include, without limitation, statements about our guidance and outlook, backlog and other orders, leasing performance, leasing strategy, financing, cash flow, tax treatment, and other information regarding future performance and strategies and appear throughout this press release. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, the following: an economic downturn and economic uncertainty; changes to tariffs or import duties, including retaliatory tariffs; changes in macroeconomic policies; inflation (including rising energy prices, interest rates, wages and other escalators) and policy reactions thereto (including actions by central banks); disruptions in the supply of materials and components used in the production of our products; labor disputes; loss of market share to other modes of freight shipment; and the war in
View original content:https://www.prnewswire.com/news-releases/greenbrier-renews--extends-850-million-of-bank-facilities-302466270.html
SOURCE The Greenbrier Companies, Inc.
FAQ
What is the total value of Greenbrier's (GBX) renewed bank facilities in 2025?
When do Greenbrier's (GBX) renewed bank facilities mature?
How much recourse debt has Greenbrier (GBX) repaid in recent years?
What is Greenbrier's (GBX) debt management strategy?
When is Greenbrier's (GBX) next significant debt maturity?
