debt
confidence high
sentiment neutral
materiality 0.40
Wabtec establishes $2B commercial paper program; no notes issued yet
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- Program permits up to $2,000,000,000 of short-term unsecured commercial paper notes outstanding at any time.
- Notes will have maturities of up to 397 days from issue, sold at a discount from par or at par with rates set at issuance.
- Payment unconditionally guaranteed by nine units including GE Transportation, a Wabtec Company, RFPC Holding Corp. and Wabtec US Rail, Inc.
- No notes have been issued as of the October 1, 2026 filing; one or more dealers will purchase or arrange sales under dealer agreements.
- A national bank serves as issuing and paying agent; notes are unregistered and sold privately under Securities Act Section 4(a)(2).