Financing ·
Prices $500M of 5.900% Senior Notes due 2037 to refinance maturing debt
WABWestinghouse Air Brake Technologies Corp
Wabtec priced a public offering of $500 million aggregate principal amount of its 5.900% Senior Notes due February 25, 2037. The notes pay interest semi-annually and are guaranteed by the company's subsidiaries. Wabtec intends to use the net proceeds from this offering, along with borrowings under existing credit facilities and commercial paper programs, to repay its outstanding 3.450% Senior Notes due November 15, 2026. The transaction is expected to close on November 4, 2026, subject to customary closing conditions. BofA Securities, Citigroup Global Markets, PNC Capital Markets, and TD Securities are acting as joint book-running managers for the offering.