Wabtec (WAB) Prices $500M Notes Offering

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Go back to Wabtec (WAB) Prices $500M Notes Offering

Wabtec Announces Pricing of Senior Notes Offering

February 26, 2024 5:33 PM EST

PITTSBURGH--(BUSINESS WIRE)-- Wabtec Corporation (NYSE: WAB) (Wabtec) today announced that it has priced a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034 (the Notes). The Notes will be guaranteed by each of Wabtecs current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor.

The Notes will pay interest semi-annually in arrears. The Notes will mature on March 11, 2034, unless earlier redeemed or repurchased. Wabtec intends to use the net proceeds from the offering, together with cash... More