Greenbrier files $300M registration statement but says it is not planning to sell any stock

Greenbrier files $300M stock offer registration

LAKE OSWEGO, Ore. — Greenbrier Cos. filed a registration statement for an offering of $300 million in stock Wednesday, but the railroad freight car maker said it has no plans to sell new stock.

The registration was filed Wednesday with the Securities and Exchange Commission. If the SEC approves the registration, it will be effective for three years. Greenbrier said the filing gives it more financial flexibility.

Greenbrier shares closed at $12.07 Tuesday and have traded between $4 and $14.67 over the last year. The company had 17.1 million shares on the market as of March 31.

(This version CORRECTS date to Wednesday from Tuesday)