CHICAGO, Aug. 11 /PRNewswire-FirstCall/ -- GATX Corporation (NYSE: GMT)
announced today that it plans to offer, subject to market and other
conditions, $115 million of contingent convertible senior unsecured notes due
2023. The notes are callable at par after five years and have put options at
various dates. The notes may be converted into shares of common stock of GATX
Corporation under certain conditions.
The net proceeds of the offering will be used by GATX Financial
Corporation, a wholly owned subsidiary of GATX Corporation, for general
corporate purposes.
This notice does not constitute an offer to sell or the solicitation of an
offer to buy securities. The notes have not been 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.
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.
SOURCE GATX Corporation
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Related links:
http://www.gatx.com
CONTACT:
Analysts & Investors, Robert C. Lyons of GATX
Corporation, +1-312-621-6633
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