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GATX CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 11, 2014



Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on April 30, 2013, GATX Corporation ("GATX", "we", "us" or "our") entered into a Five Year Credit Agreement (the "Credit Agreement") with Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and joint book managers, Bank of America, N.A., as syndication agent, PNC Bank, National Association, U.S. Bank, National Association and Bayerische Landesbank, acting through its New York branch, as co-documentation agents, Citibank, N.A., as administrative agent, and the lenders party thereto. The Credit Agreement provides us with $575 million in revolving credit availability for a term running through April 30, 2018, with two one-year extensions that we may exercise upon approval of existing or replacement lenders holding at least fifty percent of the commitments to lend under the Credit Agreement.

On July 8, 2014, we entered into Amendment No. 1 to the Credit Agreement with the administrative agent and the lenders party thereto (the "Amendment"), which (i) exercised our first one-year extension under the Credit Agreement and extended the availability period of the revolving commitments, and the maturity date of any extensions of credit thereunder, by one year to April 30, 2019 and (ii) added certain representations, covenants and definitions relating to compliance with applicable sanctions and anti-corruption laws.

The foregoing description is a summary of the Amendment and is qualified in its entirety by the complete text of the Amendment, a copy of which is attached to this report as Exhibit 10.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The discussion of Amendment No. 1 to the Credit Agreement in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to the Credit Agreement, dated as of July 8, 2014, among GATX Corporation, as borrower, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and joint book managers, Bank of America, N.A., as syndication agent, PNC Bank, N.A., U.S. Bank, National Association and Bayerische Landesbank, acting through its New York branch, as co-documentation agents, Citibank, N.A., as administrative agent, and the lenders party thereto.



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Source: Edgar Glimpses


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