Issuer: | GATX Corporation | |
Security: | The notes offered hereby (the “New Notes”) constitute a further issuance of the 4.850% Senior Notes due 2021, of which $250,000,000 principal amount was issued on May 27, 2011 (the “Old Notes”). The New Notes will form a single series with the Old Notes and will have the same terms other than the initial offering price. Immediately upon settlement, the New Notes offered hereby will have the same CUSIP number and will trade interchangeably with the Old Notes. Upon completion of this offering, an aggregate $300,000,000 of 4.850% Senior Notes due 2021 will be outstanding. | |
Further Issuance Size: | $50,000,000 | |
Maturity Date: | June 1, 2021 | |
Coupon: | 4.850% | |
Interest Payment Dates: | June 1 and December 1, commencing December 1, 2011 | |
Price to Investors: | 100.108%1 | |
Benchmark Treasury: | UST 2.125% due August 15, 2021 | |
Benchmark Treasury Yield: | 2.085% | |
Spread to Benchmark Treasury: | T+275 bps | |
Make-Whole Spread (used to calculate Make-Whole Amount) : | T+30 bps | |
Expected Settlement Date: | September 20, 2011 (T+3) | |
CUSIP/ISIN: | 361448 AL7 / US361448AL76 | |
Anticipated Ratings: | Baa1 (stable outlook) by Moody’s Investors Service, Inc. | |
| BBB (stable outlook) by Standard & Poor’s Ratings Services | ||
Joint Book-Running Managers: | Citigroup Global Markets Inc. | |
| Morgan Stanley & Co. LLC | ||
Lead Manager: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Co-Managers: | BMO Capital Markets Corp. | |
| Mizuho Securities USA Inc. | ||
| The Williams Capital Group, L.P. | ||
| U.S. Bancorp Investments, Inc. |
| 1 | Plus accrued and unpaid interest, from and including May 27, 2011 to, but excluding, September 20, 2011, in the amount of $761,180.56. |
