CHICAGO, June 17 /PRNewswire-FirstCall/ -- GATX Financial Corporation, a
wholly owned subsidiary of GATX Corporation (NYSE: GMT), today announced that
it signed a new $120 million credit agreement. The facility is a 3-year
senior unsecured revolving credit facility maturing in June 2006 with all
material terms, conditions and covenants substantially the same as those in
the existing July 2002 credit agreement.
William J. Hasek, vice president and treasurer of GATX Corporation,
stated, "We are pleased to complete this new facility and to further
strengthen relationships with our key banks. Combined with our existing
credit facilities, which are committed and fully available, as well as our
strong cash flow, we have a solid liquidity position that enables us to take
advantage of growth opportunities in our core markets."
Citicorp, USA Inc. acted as administrative agent with JPMorgan Chase Bank
acting as syndication agent. Additional participants to the agreement include
Bank of Montreal, The Bank of New York and Deutsche Bank AG.
Citigroup Global Markets Inc. and JPMorgan Securities Inc. acted as joint
lead arrangers and joint bookrunners.
COMPANY DESCRIPTION
GATX Corporation (NYSE: GMT) is a specialized finance and leasing company
combining asset knowledge and services, structuring expertise, partnering and
risk capital to serve customers and partners worldwide. GATX specializes in
railcar and locomotive leasing, aircraft operating leasing, and information
technology leasing.
Investor, corporate, financial, historical financial, photographic and
news release information may be found at http://www.gatx.com .
SOURCE GATX Corporation
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Related links:
http://www.gatx.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/105121.html
CONTACT:
Analysts & Investors, Robert C. Lyons,
+1-312-621-6633 or Rhonda S. Johnson, +1-415-955-3211, both of
GATX Corporation
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