GATX CORP (GATX): debt financing — GATX JV issues $1B in senior notes; proceeds to repay term loan

GATX CORP

GABX Leasing LLC sold $500M 4.625% notes due 2031 and $500M 5.300% notes due 2036.
Net proceeds of ~$989.5M will be used to repay a portion of Issuer's term loan.
Notes are senior unsecured and fully, irrevocably guaranteed by GATX.
Issued under Rule 144A and Regulation S to QIBs and non-U.S. persons.
Interest payable semi-annually on April 15 and October 15, starting Oct 15, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GATX CORP incurred senior notes of $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2031 with U.S. Bank Trust Company, National Association at 4.625% per annum maturing April 15, 2031.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2031
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.625% per annum
Maturity: April 15, 2031
Event: incurrence

Exact text from the filing

The 2031 Notes were issued at 99.860% of their par value and bear interest at a rate of 4.625% per annum. Interest on the 2031 Notes is payable semi-annually in arrears on April 15 and October 15, beginning October 15, 2026. The 2031 Notes mature on April 15, 2031.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GATX CORP incurred senior notes of $500,000,000 aggregate principal amount of 5.300% Senior Notes due 2036 with U.S. Bank Trust Company, National Association at 5.300% per annum maturing April 15, 2036.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount of 5.300% Senior Notes due 2036
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.300% per annum
Maturity: April 15, 2036
Event: incurrence

Exact text from the filing

The 2036 Notes were issued at 99.799% of their par value and bear interest at a rate of 5.300% per annum. Interest on the 2036 Notes is payable semi-annually in arrears on April 15 and October 15, beginning October 15, 2026. The 2036 Notes mature on April 15, 2036.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GATX CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2031 and $500,000,000 aggregate p (effective 2026-03-12).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2031 and $500,000,000 aggregate p
Effective: 2026-03-12

Exact text from the filing

Indenture, dated as of March 12, 2026 (the “Indenture”), by and among the Issuer, GATX, as guarantor, and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”).

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GATX CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-107264

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