Financial Obligation Form 8 K

On September 6, 2024, GBXL I, LLC (the "Borrower"), a Delaware limited liability company and a wholly owned subsidiary of The Greenbrier Companies, Inc. ("Greenbrier"), GBXL I (Canada) Ltd., a Canadian limited company and wholly owned subsidiary of Greenbrier (the "Canadian Subsidiary"), Wilmington Trust Company, as collateral agent and depositary, Bank of America, N.A. ("Bank of America"), as a lender and as agent, Wells Fargo Bank, N.A. ("Wells Fargo"), as a lender and Credit Agricole Corporate and Investment Bank ("CA-CIB"),as an exiting lender, entered into Amendment No. 5 (the "Fifth Amendment") to the Warehouse Loan Agreement, dated as of April 1, 2021, by and among the Borrower, the Canadian Subsidiary, the lenders party thereto, Bank of America, as agent, and Wilmington Trust Company, as collateral agent and depositary (as amended, modified and supplemented, the "Loan Agreement").

Pursuant to the Fifth Amendment, the parties thereto agreed to amend the Loan Agreement to (i) end CA-CIB'scommitment under the Loan Agreement, (ii) reduce Bank of America's commitment under the Loan Agreement from $350,000,000 to $315,000,000 and (iii) reduce Wells Fargo's commitment under the Loan Agreement from $150,000,000 to $135,000,000 (resulting in a decrease of the total committed amount under the Loan Agreement from $550,000,000 to $450,000,000).

The foregoing description of the Fifth Amendment is a summary and does not purport to be complete. The Fifth Amendment is subject to, and qualified in its entirety by, the full text of the Fifth Amendment.