debt
confidence high
sentiment neutral
materiality 0.50
GATX extends $600M revolver maturity to May 2027; switches to Term SOFR
GATX CORP
- Amendment extends termination date of $600M unsecured revolving credit facility from May 2026 to May 2027.
- Interest rate benchmark changed from Eurodollar to Term SOFR; applicable margin adjusted for new rate.
- No other changes to credit agreement; lenders representing >50% of commitments consented.
- Facility originally dated May 2021; extension requested under existing extension option.