CHICAGO, June 22 /PRNewswire/ -- GATX Corporation (NYSE: GMT) today
announced that GATX Capital signed a new $425 million credit agreement,
comprised of a $283 million three-year facility and a $142 million 364-day
facility. This new agreement represents an increase over GATX Capital's
previous $300 million credit agreement.
William J. Hasek, treasurer of GATX Corporation, stated, "We are very
pleased to complete the new facility and to have increased it substantially
from previous levels. This new facility, complemented by GATX Rail's existing
$350 million credit agreement (May, 2003 maturity), provide GATX with
$775 million of committed backup credit lines. The expanded credit
availability, combined with the benefits realized from the substantial cash
generated through the sale of GATX Terminals Corporation, further underscores
our strong liquidity position."
The Chase Manhattan Bank acted as administrative agent, with Citibank,
N.A. acting as syndication agent. Additional parties to the agreement include
co-documentation agents Bank of America, N.A., Fleet National Bank, and Credit
Lyonnais. Co-agents include Bayerische Landesbank and Deutsche Bank AG, and
participants include Bank One, N.A. and Firstar Bank, N.A.
J.P. Morgan Securities Inc., and Salomon Smith Barney Inc., acted as joint
lead arrangers and joint bookrunners.
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. 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, 312-621-6633
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