GATX · GATX Corporation

Summary

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

• GABX Leasing LLC issued $500,000,000 4.625% Senior Notes due April 15, 2031 at 99.860% of par
• GABX Leasing LLC issued $500,000,000 5.300% Senior Notes due April 15, 2036 at 99.799% of par
• GATX Corporation provides full, irrevocable, unconditional senior unsecured Guarantee
• Interest payable semi-annually on April 15 and October 15, starting October 15, 2026
• Net proceeds estimated at $989.5 million to repay portion of term loan under credit agreement
• Holders may require repurchase at 101% of principal upon Change of Control Repurchase Event