THE GREENBRIER COMPANIES, INC. (BMV:GBX) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure |
MUL Transaction
On June1, 2017, The Greenbrier Companies, Inc. (Greenbrier)
issued the press release attached as Exhibit 99.1 announcing the
completion of agreements with Mitsubishi UFJ Lease Finance
Company Limited (MUL) and its affiliates consistent with the
parties Memorandum of Understanding announced in April. MUL
intends to grow its portfolio from 5,000 railcars to a total of
25,000 railcars over the next four years. As part of these growth
plans, MUL has entered a multi-year purchase commitment for 6,000
newly-manufactured railcars from Greenbrier, with deliveries
commencing during the fourth calendar quarter of 2017 and
continuing through 2020. Further, MUL will obtain all its
newly-manufactured railcars exclusively from Greenbrier through
2023. In addition to the new equipment ordered, over the next
several years, MUL will supplement its portfolio growth through a
combination of lease syndications and used equipment originated
and owned by Greenbrier. The combined value of these transactions
exceeds $1 billion.
The parties have also formed MUL Greenbrier Management Services,
LLC, a new railcar management services entity owned 50% by each
company that will solely manage all railcars in the MUL fleet.
Greenbrier will receive continuing fee income related to the
ongoing railcar asset management services provided for the MUL
fleet.
The sales and purchases of railcars and the provision of services
described above are subject to usual and customary terms and
conditions.
Astra Rail
On June1, 2017, Greenbrier issued the attached press release as
Exhibit 99.2 announcing completion of the previously announced
merger with Astra Holding GmbH to form Greenbrier-Astra Rail. The
combination creates Europes largest end-to-end freight railcar
manufacturing, engineering and repair business. Greenbrier
controls Greenbrier-Astra Rail with an equity interest equal to
approximately 75%.
The information under this Item7.01, including the Exhibits 99.1
and 99.2 attached hereto, shall not be deemed filed for the
purposes of Section18 of the Exchange Act, or otherwise subject
to the liabilities of that section. Such information shall not be
incorporated by reference into any registration statement or
other document filed under the Securities Act or the Exchange
Act, except as expressly set forth by specific reference in such
a filing. The information furnished to Item7.01 shall not be
deemed an admission as to the materiality of any information in
this report on Form 8-K that is required to be disclosed solely
to satisfy the requirements of Regulation FD.
| Item9.01 | Financial Statements and Exhibits |
| (c) | Exhibits: |
99.1 Press Release dated June1, 2017 of The Greenbrier Companies,
Inc. announcing the MUL transactions
99.2 Press Release dated June1, 2017 of The Greenbrier Companies,
Inc. announcing the merger with Astra Holding GmbH to form
Greenbrier-Astra Rail
THE GREENBRIER COMPANIES, INC. (BMV:GBX) Recent Trading Information
THE GREENBRIER COMPANIES, INC. (BMV:GBX) closed its last trading session 00.00 at 828.10 with 1,160 shares trading hands.
