Greenbrier retiring $52.9M in debt in ‘strategic’ move

May 15, 2013 | 10:31 AM | Frank Haflich

Tags  Greenbrier, convertible debt, debt retirement, Carl Icahn, American Railcar Industires, rail cars, Frank Haflich

LOS ANGELES — Greenbrier Cos. is retiring $52.9 million of its outstanding convertible debt.

The move is part of Greenbrier’s overall program of "strategic initiatives" designed to raise its gross profit margins by 2 percent and reduce the capital employed in its operations....

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