Debt (Tables)

12 Months Ended

Dec. 31, 2019

Outstanding balances of debt obligations and the applicable interest rates

The following table shows the outstanding balances of our debt obligations and the applicable interest rates as of December 31 ($ in millions):


	Date of Issue	Final Maturity	Interest Rate		2021		2020
Recourse Fixed Rate Debt
Unsecured	06/11/12	06/15/22	4.75	%	$	250.0	$	250.0
Unsecured (1)	12/15/20	12/31/22	0.70	%	113.7		122.1
Unsecured	03/19/13	03/30/23	3.90	%	250.0		250.0
Unsecured	11/05/18	02/15/24	4.35	%	300.0		300.0
Unsecured (1)	12/22/16	05/23/24	0.85	%	119.4		128.3
Unsecured (1)	11/05/19	11/05/24	0.96	%	113.7		122.2
Unsecured (1)	03/20/20	03/20/25	1.00	%	113.7		122.2
Unsecured	02/06/15	03/30/25	3.25	%	300.0		300.0
Unsecured (1)	08/03/20	08/03/25	1.13	%	113.7		122.1
Unsecured	09/13/16	09/15/26	3.25	%	350.0		350.0
Unsecured (1)	10/27/21	10/27/26	0.90	%	26.1		—
Unsecured (1)	11/04/19	11/04/26	1.07	%	85.3		91.6
Unsecured	02/09/17	03/30/27	3.85	%	300.0		300.0
Unsecured	11/02/17	03/15/28	3.50	%	300.0		300.0
Unsecured (1)	10/27/21	10/27/28	1.17	%	59.1		—
Unsecured	05/07/18	11/07/28	4.55	%	300.0		300.0
Unsecured	01/31/19	04/01/29	4.70	%	500.0		500.0
Unsecured	05/12/20	06/30/30	4.00	%	500.0		500.0
Unsecured	02/03/21	06/01/31	1.90	%	400.0		—
Unsecured (1)	10/27/21	10/27/31	1.56	%	85.3		—
Unsecured	03/04/14	03/15/44	5.20	%	300.0		300.0
Unsecured	02/06/15	03/30/45	4.50	%	250.0		250.0
Unsecured	02/03/21	06/01/51	3.10	%	300.0		—
Unsecured	08/09/21	06/01/51	3.10	%	250.0		—
Unsecured	05/27/11	06/01/21	4.85	%	—		250.0
Unsecured	09/20/11	06/01/21	4.85	%	—		50.0
Unsecured	05/16/16	05/30/66	5.63	%	—		150.0
Total recourse fixed rate debt					$	5,680.0	$	5,058.5

Recourse Floating Rate Debt
Unsecured	01/15/21	12/14/23	1.00	%	$	250.0	$	—
Unsecured	11/06/17	11/05/21	2.61	%	—		300.0
Total recourse floating rate debt					$	250.0	$	300.0




Total debt principal					$	5,930.0	$	5,358.5
Unamortized debt discount and debt issuance costs					(43.6)		(35.1)
Debt adjustment for fair value hedges					1.1		5.6
Total Debt					$	5,887.5	$	5,329.0

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Maturities of GATX's debt obligation

The following table shows the scheduled principal payments of our debt obligations as of December 31, 2021 (in millions):


2022	$	363.7
2023	500.0
2024	533.1
2025	527.4
2026	461.4
Thereafter	3,544.4
Total debt principal	$	5,930.0