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GATX to sell notes due 2028 to prepay $200 million 6% notes due 2018
By Devika Patel
Knoxville, Tenn., Oct. 31 – GATX Corp. is selling dollar-denominated fixed-rate senior notes due 2028, according to a 424B3 filing with the Securities and Exchange Commission.
The notes have a make-whole call and then are callable at par.
BofA Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the bookrunners.
Proceeds will be used to repay $200 million of the company’s 6% senior notes due Feb. 15, 2018 and for general corporate purposes.
GATX is a transportation leasing company based in Chicago.
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