CHICAGO, Jan. 25 /PRNewswire-FirstCall/?-- GATX Corporation (NYSE: GMT)
announced today that it plans to offer $150 million of convertible senior
unsecured notes. The notes are expected to have a 5-year maturity, and may be
converted into shares of common stock of GATX Corporation.
The net proceeds of the offering will be used by GATX Financial
Corporation, a wholly-owned subsidiary of GATX Corporation, for repayment of
indebtedness and general corporate purposes.
The notes will not be registered under the Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Securities Act
of 1933. It is anticipated that a registration statement will be filed under
the Securities Act of 1933 to permit the resale of the notes and the
underlying shares of common stock issuable upon conversion.
COMPANY DESCRIPTION
GATX Corporation (NYSE: GMT) is a specialized finance and leasing company.
It uniquely combines asset knowledge and services, structuring expertise,
creative partnering and risk capital to provide business solutions to
customers and partners worldwide. GATX specializes in railcar and locomotive
leasing, aircraft operating leasing, information technology leasing, venture
finance and diversified finance.
Investor, corporate information and press releases may be found at
http://www.gatx.com . A variety of current financial information, historical
financial information, press releases and photographs are available at this
site.
SOURCE GATX Corporation
 back to top
Related links:
http://www.gatx.com
Company News On-Call:
http://www.prnewswire.com/comp/105121.html
CONTACT:
Analysts and Investors, Robert C. Lyons of
GATX Corporation, +1-312-621-6633
|
