GATX Corporation Credit Agreement Amendment Extending Maturity to 2031 with Improved Terms

GATX Corporation filed an 8-K on May 21, 2026, reporting the execution of Amendment No. 1 to its existing Five Year Credit Agreement. The amendment extends the credit facility's termination date from May 21, 2030 to May 21, 2031, providing an additional year of financing availability. Additionally, the amendment improves the company's borrowing terms by decreasing the applicable margin for loans based on SOFR and alternative base rates, with margins now ranging from 80.5 to 130 basis points for SOFR-based loans and 0 to 30 basis points for ABR-based loans. The facility fee payable to lenders was also reduced, now ranging from 7 to 20 basis points based on the company's public credit rating. The amendment involves multiple major financial institutions including Citibank, Bank of America, U.S. Bank, and others as lenders, with Citibank serving as administrative agent. This represents a favorable refinancing that extends debt maturity while reducing borrowing costs.