trending Market Intelligence /marketintelligence/en/news-insights/trending/UoBhqL7nB1tYSVIlHIfsJA2 content esgSubNav
In This List

Mitsubishi UFJ Lease aiming to grow railcar leasing biz with Greenbrier alliance

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Mitsubishi UFJ Lease aiming to grow railcar leasing biz with Greenbrier alliance

Mitsubishi UFJ Lease & Finance Co. Ltd. signed a memorandum of understanding with U.S.-based Greenbrier Cos. Inc. to form an asset management service entity and expand their existing railcar business in North America, in transactions valued at more than US$1 billion.

The Japanese company is looking to build a railcar leasing platform that can provide services over the life cycle of a railcar, it said in an April 6 statement.

Under the terms of the agreement, the parties will form an asset management service joint venture entity to manage and administer the Mitsubishi UFJ Lease railcar fleet. The entity will be 50%-owned by each company. The U.S. company is a builder and supplier of railcar equipment and services.

Mitsubishi UFJ Lease also committed to buying railcars from Greenbrier, including 6,000 new railcars through 2020. Mitsubishi UFJ Lease will also complement its portfolio growth through lease syndications and used equipment owned and originated by Greenbrier.