CHICAGO, May 14 /PRNewswire/ -- GATX Corporation (NYSE: GMT) today
announced that it plans to pursue a realignment of the legal structure of its
subsidiary companies. Currently, GATX's two principal subsidiaries, GATX Rail
Corporation and GATX Capital Corporation, are separate legal entities, each
with its own shelf registration and debt issuance capability. The planned
realignment would ultimately result in a combination of these two companies
into a single legal entity. GATX Corporation expects that a single entity
structure will result in greater scale and liquidity in the capital markets
and lower relative funding costs.
The planned combination will not affect GATX Corporation's current
reporting segments or the day-to-day operations, management structure and
responsibilities, or strategic direction of either GATX Rail or GATX Capital.
COMPANY DESCRIPTION
GATX Corporation (NYSE: GMT) is a unique finance and leasing company
combining asset knowledge and services, structuring expertise, creative
partnering and risk capital to serve customers and partners worldwide. GATX
Corporation provides leasing and financial services responsive to the
specialized needs of a range of businesses. GATX Corporation specializes in
railcar and locomotive operating leasing, aircraft operating leasing,
information technology leasing, venture finance, and financing solutions for
customers in diverse industrial sectors worldwide.
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. GATX press releases may be obtained by accessing PR Newswire's Company
News On-Call's automated fax service at 800-758-5804. The company
identification number for GATX is 105121.
SOURCE GATX Corporation
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Related links:
http://www.gatx.com
Company News On-Call:
http://www.prnewswire.com/comp/105121.html or fax,
800-758-5804, ext. 105121
CONTACT:
Robert C. Lyons, Director of Investor
Relations of GATX Corporation, GATX Corporation, 312-621-6633
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