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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
Current Report
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PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) November 7, 2002
GATX Financial Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-8319 94-1661392
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification number)
500 West Monroe Street,
Chicago, Illinois 60661-3676
(Address of principal executive offices)
Registrant's telephone number, including area code (312) 621-6200
ITEM 5. OTHER EVENTS
GATX FINANCIAL CORPORATION IS A WHOLLY OWNED SUBSIDIARY OF GATX CORPORATION.
ON NOVEMBER 7, 2002, GATX CORPORATION ISSUED THE FOLLOWING PRESS RELEASE:
GATX RAIL COMPLETES SECOND PHASE OF NEW CAR ORDER PROGRAM
CHICAGO, November 7 -- GATX Rail today announced that is has ordered a
total of 5,000 railcars from Trinity Industries, to be delivered evenly over the
next five years. This order completes GATX's previously announced 7,500 car,
five-year railcar purchase program. In October, GATX Rail signed an agreement
with Union Tank Car Company for the supply of 2,500 cars to be delivered evenly
over the next five years. GATX expects that this purchase program will provide
high quality, modern railcars to meet the needs of its customers and to replace
cars retired from its existing fleet.
Under terms of the agreement with Trinity, GATX will purchase 1,000
cars from Trinity Industries in each of the next five years, to be manufactured
and configured according to strict GATX Rail specifications.
David M. Edwards, president of GATX Rail, stated, "Our company is
focused on providing superior service and high quality equipment to our
customers. Completing this railcar purchase program allows GATX to enhance its
market-leading position in tank and freight cars through the acquisition of new
railcars at very attractive pricing."
Clifford J. Porzenheim, senior vice president of fleet management at
GATX Rail, stated, "We are excited to begin a new chapter in our relationship
with Trinity Industries. GATX Rail offers one of North America's largest, most
diverse lease fleets of railcars to its customers, and our position is
strengthened through this long-term supply agreement with Trinity. With GATX's
purchase program now in place, it is expected that additional cars, if justified
by demand, will be ordered from any of GATX's six North American railcar
suppliers."
Page 2
GATX RAIL
GATX Rail is a division of GATX Financial Corporation, a wholly owned subsidiary
of GATX Corporation (NYSE: GMT). GATX 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,
information technology leasing, venture finance and diversified finance.
FOR FURTHER INFORMATION CONTACT:
Robert C. Lyons
GATX Corporation
312-621-6633
Investor, corporate, financial, historical financial, photographic and news
release information may be found at www.gatx.com.
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(11-07-02)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
GATX FINANCIAL CORPORATION
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(Registrant)
/s/ Brian Kenney
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Brian A. Kenney
Senior Vice President and
Chief Financial Officer
(Duly Authorized Officer)
Date: November 7, 2002