GATX extends $600 million revolver to 2027, links interest to SOFR

By Wendy Van Sickle

Columbus, Ohio, May 26 – GATX Corp. amended its $600 million revolving credit agreement with Citibank, NA as administrative agent on May 23 to extend the termination date by one year to May 21, 2027, according to an 8-K filing with the Securities and Exchange Commission.

The eurodollar interest rate was also replaced with a rate based on term SOFR, and the applicable margin was adjusted to reflect that change.

The transportation leasing service company is based in Chicago.

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