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GATX will price two-part offering of senior notes due 2031 and 2051
By Devika Patel
Knoxville, Tenn., Feb. 1 – GATX Corp. plans a two-tranche offering of senior notes due 2031 and 2051, according to a 424B3 filed with the Securities and Exchange Commission.
The notes feature a make-whole call until three months prior to maturity for the 2031 notes and six months prior to maturity for the 2051 notes, and then a par call.
BofA Securities Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the bookrunners.
Proceeds will be used to redeem all of the company's $300 million of senior unsecured notes due June 2021 and for general corporate purposes.
The transportation leasing service company is based in Chicago.
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