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Published on 5/1/2023 in the Prospect News Investment Grade Daily.

GATX to price offering of senior notes via three bookrunners

By Marisa Wong

Los Angeles, May 1 – GATX Corp. plans to price fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call option, followed by a par call option.

BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Mayer Brown LLP will act as counsel for the issuer. Winston & Strawn LLP will act as counsel for the underwriters.

Proceeds will be used for general corporate purposes.

The railcar leasing company is based in Chicago.


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