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8/3/2022
The Greenbrier Cos.’s leasing subsidiary has entered into a $150 million term loan to finance the continued growth of its leasing fleet. The loan is non-recourse to Greenbrier, matures in July 2027 and has terms similar to the company’s previous term loan completed in August 2021. Half of the loan amount was drawn at closing, while the remaining amount is expected to be utilized within six months.
Alstom has completed the divestment of its Coradia Polyvalent and TALENT3 platforms as well as its Reichshoffen production site in France. The transaction with buyer Construcciones y Auxiliar de Ferrocarriles (CAF), based in Spain, was required by the European Commission following Alstom’s acquisition of Bombardier Transportation approved in 2020. Alstom will operate in consortium with CAF to fulfill existing orders for rolling-stock delivery from the Reichshoffen site. The divestment is the final step in completing the Bombardier acquisition.
IntegriCo Composites has announced the return of its original leadership and formula teams following a brief hiatus. The company named Douglas Fox as CEO and Ken Webber as general manager. Also, Glenn Jackson is the new director of finance. Vice President of Sales Scott Moe and Chief Operating Officer Scott Stewart will remain in their roles; they have served the company since 2015 and 2020, respectively. IntegriCo plans to launch a new product that "addresses the concerns of Class I railroad engineers with composite ties," Fox said in a press release.