Greenbrier plans $175 million sale of seven-year convertible notes

By Stephanie N. Rotondo

Seattle, Jan. 30 – The Greenbrier Cos. Inc. will price a $175 million offering of convertible senior notes due 2024, the company said in a press release on Monday.

Timing and talk was not available as of press time.

The Rule 144A deal includes a $26.25 million over-allotment option.

Conversions will be settled with common stock, cash or a combination.

Proceeds will be used for general corporate purposes, including working capital, capital expenditures, acquisitions of, or investments in, complementary businesses and products or repayment or repurchase of a portion of the company’s debt.

Greenbrier is a Lake Oswego, Ore.-based supplier of equipment and services to the freight rail transportation markets.

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