The Customer sends an Apppcation to Brunswick Rail containing a description of its needs for freight railcars and information regarding the lessee company. The Apppcation can be filled in here.
Brunswick Rail’s Commercial Department reviews the apppcation and informs the Customer of a possible timeframe and merchandise availabipty with respect to the Customer’s needs. The apppcation review will also require detailed information regarding the legal structure and financial position of the lessee company and possibly that of the holding entity that it may be a part of.
If the Customer approves the size and timeframe of the transaction proposed by Brunswick Rail, Brunswick Rail then sends the Customer an indicative business offer specifying the key parameters of the transaction (i.e. railcar models, daily rates and lease periods, terms and conditions for railcar repairs, etc.).
After the Customer confirms the transaction terms and conditions described in the indicative offer, Brunswick Rail prepares and submits a Leasing Term Sheet for approval and signing containing a detailed description of the agreed terms and conditions of the transaction.
With the Term Sheet signed, the transaction is reviewed and approved by Brunswick Rail’s Credit Committee. The review period may last up to one week.
After the transaction has been approved by the Credit Committee, Brunswick Rail prepares a draft Lease Contract and submits it to the Customer for approval and signing.