Pursuant to Rule 433
Registration No. 333-213160
November 19, 2018
GATX Corporation
$100,000,000 Floating Rate Senior Notes due 2021
Final Term Sheet
Issuer: | GATX Corporation | |
Security: | Floating Rate Senior Notes due 2021 (the “Notes”) | |
Expected Ratings (Moody’s / S&P)*: | Baa2/BBB (Stable/Stable) | |
Security Type: | Senior unsecured notes | |
Principal Amount: | $100,000,000
The Notes offered hereby constitute a further issuance of the Floating Rate Senior Notes due 2021, of which $200,000,000 aggregate principal amount was issued on November 6, 2017 (the “Existing Notes”). The Notes offered hereby will form a single series with the Existing Notes and will have the same terms other than the initial offering price. Immediately upon settlement, the Notes offered hereby will have the same CUSIP number and will trade interchangeably with the Existing Notes. Upon completion of this offering, an aggregate $300,000,000 of Floating Rate Senior Notes due 2021 will be outstanding. | |
Trade Date: | November 19, 2018 | |
Settlement Date (T+2): | November 21, 2018 | |
Maturity: | November 5, 2021 | |
Interest Payment Dates: | February 5, May 5, August 5 and November 5 of each year, commencing on February 5, 2019 | |
Public Offering Price: | 99.510%, plus accrued and unpaid interest of $146,733.33 from November 5, 2018 | |
Base Rate: | LIBOR (Bloomberg L.P. Page “BBAM” or Reuters equivalent) | |
Index Maturity: | Three-month | |
Spread to LIBOR: | 72 basis points | |
Interest Determination Dates: | The second London Business Day immediately preceding the first day of such interest period, commencing on February 1, 2019 (the second London banking day preceding February 5, 2019) | |
Record Dates: | January 15, April 15, July 15 and October 15 | |
Optional Redemption: | The Notes will not be redeemable prior to maturity | |
Minimum Denomination: | $1,000 x $1,000 | |
CUSIP / ISIN: | 361448 BB8 / US361448BB85 | |
Day Count Convention: | Actual / 360 | |
Calculation Agent: | U.S. Bank National Association | |
Joint Book-Runners: | Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated |
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Investing in the Notes involves a number of risks. See “Risk Factors” beginning on pageS-1 of the preliminary prospectus supplement.
* Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.
You may get these documents for free by visiting EDGAR on the SEC website atwww.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at1-800-831-9146 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-freeat 1-800-294-1322.
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