secwatch.observer — SEC 8-K summary
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Issuer:     GATX CORP (GATX)
CIK:        0000040211
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001193125-22-161017
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GATX extends $600M revolver maturity to May 2027; switches to Term SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40211/000119312522161017/0001193125-22-161017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40211/000119312522161017/d340503d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-161017

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