secwatch.observer — SEC 8-K summary
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Issuer:     GATX CORP (GATX)
CIK:        0000040211
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001193125-24-144375
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40211/000119312524144375/0001193125-24-144375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40211/000119312524144375/d822475d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-144375

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