-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SQsd75/iIozn5n3H/rZpThJUhpIlj3DU8/HuQLp/PqilSMdNrmPdr6g1HOtrdg2y PLCOhnCIRYMc1LPcSS1Zdw== 0000950137-04-004067.txt : 20040513 0000950137-04-004067.hdr.sgml : 20040513 20040513171415 ACCESSION NUMBER: 0000950137-04-004067 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040513 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GATX FINANCIAL CORP CENTRAL INDEX KEY: 0000357019 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 941661392 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08319 FILM NUMBER: 04803813 BUSINESS ADDRESS: STREET 1: 500 W MONROE ST CITY: CHICAGO STATE: IL ZIP: 60661-3676 BUSINESS PHONE: 4159553200 FORMER COMPANY: FORMER CONFORMED NAME: GATX CAPITAL CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GATX LEASING CORP DATE OF NAME CHANGE: 19900405 8-K 1 c85560e8vk.txt CURRENT REPORT ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT ------------------------------- PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): May 13, 2004 ------------------------------- GATX Financial Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 1-8319 94-1661392 (State or other jurisdiction of (Commission File (IRS Employer incorporation) Number) Identification No.) 500 West Monroe Street Chicago, Illinois 60661-3676 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (312) 621-6200 ITEM 5. OTHER EVENTS. On May 13, 2004, GATX Financial Corporation issued a press release announcing an offer to exchange any and all of three series of Notes due 2006 for a new series of Notes due 2011. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99a GATX Financial Corporation press release dated May 13, 2004 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. GATX FINANCIAL CORPORATION ------------------------------- (Registrant) /s/ Brian Kenney ------------------------------- Brian A. Kenney Senior Vice President and Chief Financial Officer (Duly Authorized Officer) Date: May 13, 2004 INDEX TO EXHIBITS Exhibit No. Method of Filing - ----------- ---------------- 99a GATX Financial Corporation press release Filed Electronically dated May 13, 2004 EX-99.A 2 c85560exv99wa.txt PRESS RELEASE EXHIBIT 99a [GATX LOGO] NEWS RELEASE FOR RELEASE: IMMEDIATELY GATX FINANCIAL CORPORATION ANNOUNCES NOTE EXCHANGE OFFER CHICAGO, May 13 - GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation (NYSE:GMT), today announced an offer to exchange any and all of three series of Notes due 2006 ("Old Notes") for a new series of Notes due 2011 ("New Notes"). The Old Notes, aggregating approximately $638 million of indebtedness, are comprised of the 6-3/4% Notes due March 1, 2006, the 7-3/4% Notes due December 1, 2006, and the 6-7/8% Notes due December 15, 2006. The exchange offer is subject to certain conditions, including the requirement that at least $150 million aggregate principal amount of Old Notes are validly tendered and not withdrawn. GATX Financial is undertaking this exchange offer as part of a continued strategy to proactively manage its balance sheet and future debt maturity schedule. The New Notes have not been registered under the Securities Act of 1933, as amended ("Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration requirements. GATX Financial previously distributed to each holder of the Old Notes a letter requesting certification that the holder is a qualified institutional buyer, as that term is defined in Rule 144A under the Securities Act. Only holders of Old Notes who have previously completed and returned the certification ("Eligible Holders") are authorized to participate in the exchange offer. An offering memorandum, dated today, will be distributed to Eligible Holders and is available to Eligible Holders through the information agent listed at the end of this press release. The offering memorandum details all aspects of this exchange offer. The following provides a brief summary of key elements: o The exchange offer with respect to each series of Old Notes will expire at 5:00 p.m., Eastern Time, on June 11, 2004, unless extended by GATX Financial. o GATX Financial is offering to exchange, for each $1,000 principal amount of each series of Old Notes, a like principal amount of New Notes and cash that together equal the total exchange price for each series. o The total exchange price for each series of Old Notes includes an early participation payment of $10.00 payable only to holders of Old Notes that tender their Old Notes on or prior to 5:00 p.m., Eastern Time, on the early participation date, which is May 27, 2004, unless extended by GATX Financial. Page 2 o The total exchange price for each series of Old Notes is based on a fixed-spread pricing formula for that series, as detailed in the offering memorandum, and will be calculated on the second business day prior to the expiration of the exchange offer. This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities. The exchange offer is being made only pursuant to the offering memorandum and only to such persons and in such jurisdictions as is permitted under applicable law. COMPANY DESCRIPTION GATX Corporation (NYSE: GMT) is a specialized finance and leasing company combining asset knowledge and services, structuring expertise, partnering, and capital to provide business solutions to customers and partners worldwide. GATX specializes in railcar, locomotive, and aircraft operating leasing. FORWARD-LOOKING STATEMENTS Certain statements within this document may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "predict," or "project" and similar expressions. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties include, but are not limited to, general economic conditions; aircraft and railcar lease rate and utilization levels; conditions in the capital markets and the potential for a downgrade in GATX's or GATX Financial Corp.'s credit rating, either of which could have an effect on the Company's borrowing costs or ability to access the markets for commercial paper or secured and unsecured debt; dynamics affecting customers within the chemical, petroleum and food industries; regulatory rulings that may impact the economic value of assets; competitors in the rail and air markets who may have access to capital at lower costs than GATX; additional potential write-downs and/or provisions within GATX's portfolio; impaired asset charges; and general market conditions in the rail, air, technology, venture, and other large-ticket industries. FOR FURTHER INFORMATION CONTACT: GATX Corporation: Robert C. Lyons 312-621-6633 Rhonda S. Johnson 415-955-3211 Information and Exchange Agent: Global Bondholder Services Corporation 212-430-3774 / 866-470-4200 Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com. (05/13/04) -----END PRIVACY-ENHANCED MESSAGE-----