$1bn deal for Greenbrier and Mitsubishi UFJ Lease & Finance

The Greenbrier Companies, Inc. and Tokyo-based MUL have  completed agreements to expand their existing commercial relationship in North America 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.

MUL will obtain all its newly-manufactured railcars exclusively from Greenbrier until 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 $1bn.

Greenbrier Chairman and CEO, William A. Furman said: “Greenbrier is pleased to extend its business relationship with MUL with these recently signed agreements and the formation of MUL Greenbrier Management Services. This expanded relationship with MUL demonstrates our earned reputation of providing tailored solutions to our customers. We take pride in the series of transactions we have completed with our friends at MUL and look forward to our continuing work together.”

For more information visit www.gbrx.com

19th June 2017