Greenbrier Companies completes US$300M offering of railcar asset-backed securities
On February 4, 2026, The Greenbrier Companies, Inc. (“Greenbrier”) completed a supplemental offering of railcar asset backed securities (ABS). GBX Leasing 2022 1 LLC, an indirect wholly owned special purpose subsidiary of Greenbrier, issued US$300 million of its Series 2026 1 Class A and Class B Notes, secured by railcars and associated operating leases, with a blended interest rate of 5.2% and a 21/2 year call feature.
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets.
McCarthy Tétrault advised Greenbrier as Canadian counsel with a team led by Catherine Samuel that included Jonathan Brisebois (Business), Brian Lipson, Connor O'Brien (Transportation), Kimberly Howard (Environmental & Regulatory), Matthew Kraemer and Micky Hoskin (Tax).
