Greenbrier Companies is planning to offer $200 million aggregate principal amount of convertible senior notes. The transportation equipment supplier will use the net proceeds to purchase its outstanding $235 million 8 3/8% senior notes due 2015. The securities will change into Greenbrier’s common stock shares, based on a conversion rate to be determined. Interest on the notes will be payable semiannually in arrears on April 1 and October 1 of every year, beginning Oct. 1, 2011. The notes are scheduled to mature on April 1, 2018.

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