GATX extends credit line and cuts pricing

GATX Corporation amended its existing five-year credit agreement with a syndicate of lenders and Citibank, N.A. as administrative agent.

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Form Type

8-K

Rhea-AI Filing Summary

GATX Corporation amended its existing five-year credit agreement with a syndicate of lenders and Citibank, N.A. as administrative agent. The amendment extends the credit facility’s termination date by one year from May 21, 2030 to May 21, 2031.

The pricing of revolving loans was reduced and is now tied to GATX’s public credit rating, with interest margins ranging from 80.5–130 basis points for SOFR-based borrowings and 0–30 basis points for ABR-based borrowings. The facility fee payable to lenders was also lowered to a rating-based grid ranging from 7–20 basis points.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Termination date: May 21, 2031 SOFR margin range: 80.5–130 basis points ABR margin range: 0–30 basis points +3 more

6 metrics

Termination date May 21, 2031 Extended credit agreement maturity

SOFR margin range 80.5–130 basis points Interest margin on SOFR-based revolving loans

ABR margin range 0–30 basis points Interest margin on ABR-based revolving loans

Facility fee range 7–20 basis points Ongoing fee tied to public credit rating

Amendment date May 21, 2026 Date of Amendment No. 1 to Credit Agreement

Original agreement date May 21, 2024 Date of original Five Year Credit Agreement

Key Terms

Five Year Credit Agreement, Secured Overnight Financing Rate (SOFR), alternative base rate (ABR), facility fee, +1 more

5 terms

Five Year Credit Agreement financial

"to its existing Five Year Credit Agreement, dated as of May 21, 2024"

Secured Overnight Financing Rate (SOFR) financial

"bearings interest based on either the Secured Overnight Financing Rate (SOFR) or alternative base rate"

A secured overnight financing rate (SOFR) is the interest rate on very short, one‑day loans that are backed by high‑quality collateral (like government bonds), so lenders face less risk. Investors care because SOFR is a widely used benchmark that sets the cost of borrowing and the pricing of loans, bonds and derivatives; think of it as a trusted yardstick for short‑term interest costs that influences returns and valuations across markets.

alternative base rate (ABR) financial

"interest based on either the Secured Overnight Financing Rate (SOFR) or alternative base rate (ABR)"

facility fee financial

"the facility fee payable by the Company to the lenders under the Credit Agreement was decreased"

A facility fee is a charge billed by a hospital or clinic for use of its buildings, equipment and support services when a patient receives care, separate from the fee paid to the treating doctor. For investors, it matters because these charges are a steady revenue stream that can boost margins and cash flow, but they are also sensitive to changes in insurance reimbursement rules and regulatory scrutiny—think of it as a venue rental fee separate from the performer’s paycheck.

public credit rating financial

"priced by reference to a grid based on the Company’s public credit rating"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did GATX (GATX) make to its main credit facility?

GATX extended its primary five-year credit agreement by one year, moving the termination date from May 21, 2030 to May 21, 2031, while also lowering interest margins and facility fees.

How were GATX’s loan interest margins revised in the amended credit agreement?

Revolving loan margins are now based on GATX’s public credit rating, ranging from 80.5 to 130 basis points for SOFR-based borrowings and 0 to 30 basis points for borrowings using an alternative base rate.

What facility fee will GATX (GATX) pay under the amended credit agreement?

The facility fee was reduced and is now set on a rating-based grid, with the applicable percentage ranging from 7 basis points to 20 basis points, depending on GATX’s public credit rating over time.

Who are the key financial institutions in GATX’s amended credit agreement?

Citibank, N.A. acts as administrative agent and, together with BofA Securities, Inc., serves as joint lead arranger and joint book manager, alongside various banks, financial institutions, and institutional lenders.

Does the GATX credit agreement amendment affect SOFR and ABR borrowings differently?

Yes. SOFR-based borrowings now carry margins between 80.5 and 130 basis points, while ABR-based borrowings carry lower margins between 0 and 30 basis points, with both tied to GATX’s public credit rating.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 04:17 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 21, 2026

GATX Corporation

(Exact name of registrant as specified in its charter)

New York

1-2328

36-1124040

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

233 South Wacker Drive

Chicago, Illinois 60606-7147

(Address of principal executive offices, including zip code)

(312) 621-6200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock	GATX	New York Stock Exchange
Common Stock	GATX	NYSE Texas, Inc

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01

Entry Into A Material Definitive Agreement

On May 21, 2026, GATX Corporation (the “Company”) entered into Amendment No. 1 (the “Amendment”) among the Company, the banks, financial institutions and other institutional lenders parties thereto, and Citibank, N.A., as administrative agent, to its existing Five Year Credit Agreement, dated as of May 21, 2024 (as amended, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among the Company, Citibank, N.A. and BofA Securities, Inc., as joint lead arrangers and joint book managers, the lenders party thereto, and Citibank, N.A., as administrative agent. Pursuant to the Amendment, (i) the termination date of the Credit Agreement has been extended from May 21, 2030 to May 21, 2031, (ii) the applicable margin for borrowings bearing interest based on either the Secured Overnight Financing Rate (SOFR) or alternative base rate (ABR) was decreased such that revolving loans are priced by reference to a grid based on the Company’s public credit rating with the margins ranging from 80.5 basis points to 130 basis points (for borrowings bearing interest based on SOFR) and 0 basis points to 30 basis points (for borrowings bearing interest based on ABR) and (iii) the facility fee payable by the Company to the lenders under the Credit Agreement was decreased such that it is priced by reference to a grid based on the Company’s public credit rating with the applicable percentage ranging from 7 basis points to 20 basis points.

The foregoing description of the Amendment is a summary and is qualified in its entirety by reference to the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth in Item 1.01 of this Current Report on Form 8-K regarding the Credit Agreement and the Amendment is incorporated by reference into this Item 2.03.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits.


10.1		Amendment No. 1 to Credit Agreement, dated as of May 21, 2026, by and among GATX Corporation, as borrower, the banks, financial institutions and other institutional lenders parties thereto, and Citibank, N.A., as administrative agent.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

GATX CORPORATION

(Registrant)

/s/ Thomas A. Ellman

Thomas A. Ellman

Executive Vice President, Chief Financial Officer

Date: May 21, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 74.0 KB