Vedder Price Represents GBX Leasing in $323.2 Million Railcar Securitization
Vedder Price is pleased to announce that it represented GBX Leasing, LLC (“GBX Leasing”) in connection with its inaugural railcar securitization offering. GBX Leasing 2022-1 LLC, as special purpose entity and wholly-owned subsidiary of GBX Leasing, issued $323.2 million of secured notes backed by a portfolio of over 4,400 railcars.
“We are proud to have represented GBX Leasing on this noteworthy transaction,” said Michael E. Draz, Global Transportation Finance Shareholder. “Our team is an industry leader in the securitization space, and this transaction further demonstrates our extensive capabilities in rail finance generally.”
The Vedder Price team included Michael E. Draz, Global Transportation Finance Shareholder, Jeffrey T. Veber, Global Transportation Finance Shareholder and member of the Vedder Price Board of Directors, Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group and Tax Shareholder Matthew P. Larvick, with support from Global Transportation Finance Associates Joel R. Thielen, Daniel L. Spivey, Nathan M. Telep and Ananya Hindupur and Capital Markets Associate Samuel Esclavon.
Vedder Thinking | News Vedder Price Represents GBX Leasing in $323.2 Million Railcar Securitization
Press Release
February 9, 2022
Vedder Price is pleased to announce that it represented GBX Leasing, LLC (“GBX Leasing”) in connection with its inaugural railcar securitization offering. GBX Leasing 2022-1 LLC, as special purpose entity and wholly-owned subsidiary of GBX Leasing, issued $323.2 million of secured notes backed by a portfolio of over 4,400 railcars.
“We are proud to have represented GBX Leasing on this noteworthy transaction,” said Michael E. Draz, Global Transportation Finance Shareholder. “Our team is an industry leader in the securitization space, and this transaction further demonstrates our extensive capabilities in rail finance generally.”
The Vedder Price team included Michael E. Draz, Global Transportation Finance Shareholder, Jeffrey T. Veber, Global Transportation Finance Shareholder and member of the Vedder Price Board of Directors, Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group and Tax Shareholder Matthew P. Larvick, with support from Global Transportation Finance Associates Joel R. Thielen, Daniel L. Spivey, Nathan M. Telep and Ananya Hindupur and Capital Markets Associate Samuel Esclavon.
