UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On June 16, 2023, GBXL I, LLC (the “Borrower”), a Delaware limited liability company and a wholly owned subsidiary of The Greenbrier Companies, Inc. (“Greenbrier”), Bank of America, N.A. (“Bank of America”), as a lender and as agent, Credit Agricole Corporate and Investment Bank (“CA-CIB”), as a lender and Wells Fargo Bank, N.A. (“Wells Fargo”), as a lender (the “Third Amendment”), entered into Amendment No. 3 to the Warehouse Loan Agreement, dated as of April 1, 2021, by and among the Borrower, GBXL I (Canada) Ltd., the Lenders party thereto, Bank of America, as agent, and Wilmington Trust Company, as collateral agent and depositary, as amended, modified and supplemented (the “Loan Agreement”).
Pursuant to the Third Amendment, the Borrower, the Agent and the Lenders agreed to amend the Loan Agreement to join Wells Fargo to the Loan Agreement as a Lender with an aggregate loan commitment of $150 million and increase Bank of America’s loan commitment from $300 million to $350 million.
The foregoing description of the Third Amendment is a summary and does not purport to be complete. The Third Amendment is subject to, and qualified in its entirety by, the full text of the Third Amendment.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
The disclosure required by this item and contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE GREENBRIER COMPANIES, INC. | ||||||
| Date: June 16, 2023 | By: | /s/ Adrian J. Downes | ||||
| Adrian J. Downes | ||||||
| Senior Vice President, Chief Financial Officer | ||||||