Item 1.01 Entry into a Material Definitive Agreement

On November 24, 2020, GATX Corporation ("GATX", "we", "us" or "our") entered into Amendment No. 1 (the "Amendment") to its $600 million 5-Year Revolving Credit Facility with Citibank, N.A., as Administrative Agent, and the other Lenders that are parties thereto.

The Amendment contemplates the future replacement of LIBOR with the Secured Overnight Financing Rate or another alternate benchmark rate, giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarks, including any related adjustments.

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

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits



Exhibit
  No.                                    Description

10.1          Amendment No. 1 to the Five Year Credit Agreement, dated as of
            November 24, 2020, among GATX Corporation, as borrower, Citibank,
            N.A., as administrative agent, and the lenders party thereto.

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

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