Wabtec amends credit agreement to replace LIBOR with SONIA and €STR for Sterling and Euro loans

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Third Amendment to Credit Agreement changes interest rate benchmark from LIBOR to SONIA for Sterling borrowings and to €STR for Euro borrowings, effective December 29, 2021.
Amendment is procedural, reflecting the transition away from LIBOR; no change to total commitments, covenants, or overall structure of the credit facility.
The amendment was entered into by Wabtec, borrowing subsidiaries, lenders, and PNC Bank as administrative agent.

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