8-K - GATX Corporation | StockGist

AI Analysis

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GABX Leasing LLC, a joint venture between GATX Corporation and Brookfield, issued $500 million 4.625% Senior Notes due 2031 and $500 million 5.300% Senior Notes due 2036 under an Indenture dated March 12, 2026, with GATX as guarantor. Net proceeds of approximately $989.5 million will repay a portion of the Issuer's term loan.

Key Takeaways

1GABX Leasing LLC issued $500,000,000 4.625% Senior Notes due April 15, 2031 at 99.860% of par

2GABX Leasing LLC issued $500,000,000 5.300% Senior Notes due April 15, 2036 at 99.799% of par

3GATX Corporation provides full, irrevocable, unconditional senior unsecured Guarantee

4Interest payable semi-annually on April 15 and October 15, starting October 15, 2026

5Net proceeds estimated at $989.5 million to repay portion of term loan under credit agreement

6Holders may require repurchase at 101% of principal upon Change of Control Repurchase Event

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. Indenture with respect to 4.625% Senior Notes due 2031 and 5.300% Senior Notes due 2036 On March 12, 2026, GABX Leas

Material Agreement

$500.0M$500.0M$989.5M

2.03

. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 4.1 Indenture, dated as of March 12, 2026, by and among GABX Leasing LLC, GAT

Financing

Transaction Details

Material Agreement

Agreement: Indenture
Parties: GABX Leasing LLC (Issuer), GATX Corporation (Guarantor), U.S. Bank Trust Company, National Association (Trustee)

•Notes are senior unsecured obligations of Issuer
•Guarantee by GATX is senior unsecured
•Optional redemption prior to par call dates at Treasury Rate plus 15 bps (2031 Notes) or 20 bps (2036 Notes)
•Post par call date redemption at 100% of principal
•Limitation on liens with qualifications and exceptions
•Customary events of default

Debt / Financing

Instrument: 4.625% Senior Notes due 2031 and 5.300% Senior Notes due 2036
Principal: $1,000,000,000
Rate: 4.625% per annum (2031 Notes); 5.300% per annum (2036 Notes)
Maturity: April 15, 2031 (2031 Notes); April 15, 2036 (2036 Notes)
Use of Proceeds: repay a portion of the term loan outstanding under the Issuer’s credit agreement

Exhibits (2)

4.1

EX-4.1

8-K