GATX Corporation filed a free writing prospectus on November 2, 2026, disclosing the pricing terms for a $300,000,000 offering of 5.950% Senior Notes due November 15, 2036, with an expected settlement date of November 6, 2026.

Key Highlights

  • Offering size: $300,000,000 in aggregate principal amount of 5.950% Senior Notes due 2036
  • Coupon and yield: The notes carry a 5.950% coupon and a re-offer yield of 5.978%, priced at 99.789% of par
  • Spread: The notes were priced at 110 basis points over the benchmark U.S. Treasury 4.625% due August 15, 2036
  • Expected ratings: Moody's Baa1 (Stable), S&P BBB (Stable), and Fitch BBB+ (Stable), according to the filing
  • Interest payments: Scheduled for May 15 and November 15 each year, beginning May 15, 2027
  • Par call date: August 15, 2036, three months prior to maturity, after which the issuer may redeem at 100% of principal plus accrued interest
  • CUSIP/ISIN: 361448BV4 / US361448BV40

GATX Corporation's 2036 Senior Notes: Pricing and Redemption Terms

According to the free writing prospectus filed pursuant to Rule 433 under Registration No. 333-286436, GATX Corporation priced $300,000,000 of 5.950% Senior Notes due November 15, 2036 on November 2, 2026. The notes were offered to investors at 99.789% of their principal amount, producing a re-offer yield of 5.978%. The spread to the benchmark treasury, the UST 4.625% due August 15, 2036, which was quoted at a price of 98-01+ and a yield of 4.878%, was set at 110 basis points, the filing disclosed.

The filing describes a two-phase redemption structure. Prior to the Par Call Date of August 15, 2036, the issuer may redeem the notes at a price equal to the greater of 100% of the aggregate principal amount or the present value of remaining scheduled payments discounted at the Treasury Rate plus 20 basis points, less accrued interest, plus accrued and unpaid interest to the redemption date. On or after the Par Call Date, GATX may redeem the notes at 100% of principal plus accrued and unpaid interest.

The offering was led by joint book-running managers BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and PNC Capital Markets LLC. Senior co-managers listed in the filing include BMO Capital Markets Corp., CIBC World Markets Corp., KeyBanc Capital Markets Inc., U.S. Bancorp Investments, Inc., and M&T Securities, Inc. The filing notes that the expected settlement date of November 6, 2026 represents a T+4 settlement, and advises that purchasers wishing to trade the securities prior to the business day before settlement may need to specify an alternate settlement cycle. The filing references a registration statement, including a prospectus and prospectus supplement, on file with the SEC.

What Was Disclosed

GATX Corporation disclosed the complete pricing terms for a $300,000,000 senior notes offering, including coupon, yield, spread, redemption provisions, expected credit ratings, settlement date, and the full underwriting syndicate, via a free writing prospectus dated November 2, 2026.