Winston & Strawn represented initial purchasers, Bank of America Securities, MUFG Securities Americas, SMBC Nikko Securities America and Wells Fargo Securities in the initial purchase of $1 billion worth of Rule144A senior notes from GABX Leasing, with GATX as guarantor. The offering includes $500 million of 4.625% senior notes due 2031 and $500 million of 5.300% of senior notes due 2036.
GABX Leasing is a joint venture between GATX and Brookfield Infrastructure Partners, created as part of their $4.2 billion purchase of approximately 101,000 railcars from Wells Fargo.
The Winston deal team was led by partner Justin Hoffman, along with associates Armando Amador, Del Efimov, Jacob Tabman and Bailey White.
