GATX enters $600M five-year revolving credit facility, replacing prior facility

GATX CORP

New credit agreement dated May 21, 2024, matures May 21, 2029; replaces existing $600M facility.
Commitments may be increased up to $750M once per calendar year upon lender approval.
Interest rate varies based on GATX's credit ratings and market rates; includes letter of credit subfacility.
Covenant includes fixed charge coverage ratio; customary events of default and remedies.
Citibank and BofA Securities acted as joint lead arrangers; Citibank is administrative agent.

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