GATX Extends Trinity Agreement; Agrees to Purchase 4,800 Tank Cars



According to an 8-K filing, GATX entered into an amendment to the long-term supply agreement dated November 3, 2014 between the company and Trinity Rail Group, a subsidiary of Trinity Industries to the amendment, the term of the agreement was extended from March 2020 to December 31, 2023, and the company agreed to purchase an additional 4,800 tank cars (1,200 per year) beginning in January 2020 and continuing through expiration of the extended term.

Pricing will be on an agreed upon or cost-plus basis subject to certain specified adjustments and surcharges.

The foregoing description of the amendment does not purport to be complete and is subject to, and qualified in its entirety by, the complete text of the amendment. The company intends to submit a confidential treatment request with the Securities and Exchange Commission to Rule 24b-2 under the Securities Exchange Act of 1934, as amended, for certain portions of the amendment.

The amendment, in redacted form subject to such confidential treatment request, will be filed as an exhibit to the company’s quarterly report on form 10-Q for the quarter ended June 30, 2018.


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