GATX’s 5.625% $25-par senior notes due 2066 list on NYSE

By Stephanie N. Rotondo

Seattle, May 18 – GATX Corp.’s $150 million of 5.625% $25-par senior notes due May 30, 2066 were admitted to the New York Stock Exchange on Wednesday, according to a market source.

The ticker symbol is “GMTA.” The deal priced May 9.

Price talk was in the 5.75% area.

BofA Merrill Lynch and Morgan Stanley & Co. LLC ran the books.

Interest is payable on the last day of February, May, August and November. The notes become redeemable on or after May 30, 2021 at par plus accrued interest.

The notes may also be redeemed upon a change of control or tax event.

Proceeds will be used to repay a portion of the $200 million outstanding 3.5% senior notes due 2016 and for general corporate purposes, including working capital and capital expenditures.

GATX is a Chicago-based transportation company.

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