GATX prices $300M of 5.950% senior notes due 2036
GATX prices $300M 5.950% senior notes due 2036 at 99.789; net proceeds $297.4M for general corporate purposes, settling Nov 6, 2026.
What this filing says
GATX Corporation is selling $300 million of 5.950% senior notes maturing November 15, 2036, with settlement expected around November 6, 2026. The notes are unsecured and rank equally with its other senior unsecured debt. For a shareholder, this is new borrowing, and the company says the proceeds are for general corporate purposes.
Key figures
- Principal amount offered
- $300,000,000
- Interest rate
- 5.950% per year
- Maturity date
- November 15, 2036
- Public offering price per note
- 99.789%
- Proceeds to GATX before expenses
- $297,417,000
- Total expenses excluding underwriting discount
- $950,500
Positive for shareholders
- The notes will be senior obligations of the company, ranking equally with its other unsecured senior debt.
- The company says it intends to use the net proceeds for general corporate purposes.
Negative for shareholders
- The offering adds $300 million of debt, and the filing says GABX had about $2.86 billion of indebtedness outstanding as of September 30, 2026.
- Holders may require repurchase at 101% of principal upon a change of control repurchase event, and the filing notes there is no assurance the company would have sufficient resources to pay.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Senior notes:
- Bonds that rank ahead of junior debt and equity in the company's repayment order, here unsecured, meaning no specific assets back them.
- Book-entry facilities:
- Electronic systems, such as The Depository Trust Company, that hold securities without paper certificates and record ownership by computer entry.
- Change of Control Repurchase Event:
- A defined corporate event, such as a takeover, that can give noteholders the right to sell their notes back to the company.
FAQ
How much is GATX borrowing with this offering?
GATX is offering $300,000,000 aggregate principal amount of 5.950% senior notes due 2036, with proceeds to the company of $297,417,000 before expenses.
When do the GATX notes mature and when is interest paid?
The notes mature on November 15, 2036, and interest is payable on May 15 and November 15 of each year, beginning May 15, 2027.
Will the GATX notes be listed on an exchange?
No, GATX does not intend to apply to list the notes on any national securities exchange or include them in any automated quotation system.
Historical context for GATX
Across the 19 sessions after earlier GATX headlines, the stock closed higher 8 times and lower 11 times, with a median move of 0.6% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | GATX | SPY |
|---|---|---|---|
| Oct 30, 2026 | GATX Corporation Announces Quarterly Dividend | +0.4% | -1.8% |
| Oct 29, 2026 | GATX Corporation Reports 2026 Third-Quarter Results | +6.9% | -0.4% |
| Oct 8, 2026 | GATX Corporation Sets Date for 2026 Third-Quarter Earnings Release and Conference Call | -0.3% | -0.4% |
| Aug 5, 2026 | GATX Corporation Announces Appointment of Senior Vice President, Chief Planning and Investment Officer | -1.2% | -0.2% |
| Jul 31, 2026 | GATX Corporation Announces Quarterly Dividend | -1.6% | +0.7% |
| Jul 30, 2026 | GATX Corporation Reports 2026 Second-Quarter Results | +0.0% | +1.7% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Transportation Services
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