THE GREENBRIER COMPANIES, INC. (BMV:GBX) Files An 8-K 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
|Item9.01||Financial Statements and Exhibits|
Press Release dated March2, 2017 of The Greenbrier Companies,
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.