GATX Corporation (NYSE:GATX) announced an amendment to its five-year credit agreement, extending the termination date to May 21, 2031.
The amendment reduces borrowing margins: SOFR-based loans now range from 80.5 to 130 basis points, and ABR-based loans from 0 to 30 basis points.
The facility fee is also lowered, ranging from 7 to 20 basis points, tied to GATX's credit rating.
These changes were disclosed in an SEC filing on Form 8-K.
GATX reported Q1 earnings above expectations but missed revenue forecasts.












