Greenbrier to sell $85 million convertible senior notes

New York, May 15 - Greenbrier Cos., Inc. announced it is planning to sell $85 million of convertible senior notes due 2026.

The Rule 144A deal will have a greenshoe for a further $15 million.

The notes will have a contingent interest feature, contingent conversion and net share settlement.

Proceeds will be used for general corporate purposes.

Settlement of the sale is scheduled for May 22.

Greenbrier is a Lake Oswego, Ore., supplier of transportation equipment and services to the railroad industry.

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