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GATX outlines new single-tranche offering of fixed-rate senior notes
Chicago, Oct. 31 – GATX Corp. entered the Tuesday market with a fixed-rate tranche of senior notes, according to a 424B3 filing with the Securities and Exchange Commission.
The notes will have make-whole call protection until the par call period a number of months before the maturity date.
BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the bookrunners.
U.S. Bank Trust Co., NA will be the trustee.
Mayer Brown LLP is counsel for GATX. Winston & Strawn LLP is advising the underwriters.
Proceeds will be used to repay at maturity $300 million of outstanding 4.35% senior notes due February 2024. The remaining proceeds will be used for general corporate purposes.
The railcar leasing company is based in Chicago.
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