v3.26.3
Asset Backed Securities (Tables)
12 Months Ended
Aug. 31, 2026
Asset Backed Securities [Abstract]  
Summary of Net Carrying Amount of Assets Transferred and Related Debt

The following table summarizes the Issuer's net carrying amount of the assets transferred and the related debt.

 

 

As of August 31,

 

(In millions)

 

2026

 

 

2025

 

Assets

 

 

 

 

 

 

Restricted cash

 

$

12.1

 

 

$

7.6

 

Equipment on operating leases, net

 

 

936.0

 

 

 

609.7

 

Liabilities

 

 

 

 

 

 

Debt, net — Non-recourse

 

$

729.6

 

 

$

449.6

 

European debt

In January 2026, the Company entered into a loan agreement with a commitment of up to $50.3 million to support the Company's European operations. The European debt is secured by a pool of leased railcars and is non-recourse to Greenbrier. The European debt bears interest at a rate of EURIBOR plus 3.50% and matures in January 2031.