THE GREENBRIER COMPANIES, INC. (BMV:GBX) Files An 8-K Other Events
Item8.01
| Other Events |
On March2, 2017, the Company issued the attached press release
announcing the execution of an agreement (the Option Exercise) to
increase its ownership in Amsted-Maxion Equipamentos E Servios
Ferrovirios S.A. (Greenbrier-Maxion) from 19.5% to 60%.
Greenbrier-Maxion is the leading railcar manufacturer in South
America with over 60% share of the railcar production in Brazil.
Greenbrier-Maxion will use the proceeds from the Option Exercise
to pay down debt and reduce current interest payments by
approximately $4,000,000 annually.
Simultaneously with the closing of its investment into
Greenbrier-Maxion, the Company will increase its ownership
interest in Amsted-Maxion Fundio E Equipamentos Ferrovirios S.A.
(Amsted-Maxion Cruzeiro) from 19.5% to 24.5%. The Company retains
an option to further increase its ownership stake in
Amsted-Maxion Cruzeiro to 29.5% subject to certain conditions.
Amsted-Maxion Cruzeiro manufactures castings and components for
railcars and other heavy industrial equipment.
Closing of the investments is contingent on meeting certain
conditions, including the completion of antitrust approval in
Brazil.
| Item9.01 | Financial Statements and Exhibits |
| (c) | Exhibits: |
| 99.1 |
Press Release dated March2, 2017 of The Greenbrier Companies, Inc. |
THE GREENBRIER COMPANIES, INC. (BMV:GBX) Recent Trading Information
THE GREENBRIER COMPANIES, INC. (BMV:GBX) closed its last trading session 00.00 at 860.65 with 248 shares trading hands.
