debt
confidence high
sentiment neutral
materiality 0.55
Wabtec expands revolver to $1.5B, adds $250M delayed draw term loan, extends maturity to 2027
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- Revolving credit facility increased from $1.2B to $1.5B.
- New $250M delayed draw term loan facility added.
- Maturity extended from June 2023 to August 2027.
- Pricing grid changed from LIBOR to SOFR; other terms materially unchanged.
- PNC Bank named administrative agent; Citi, HSBC, JPMorgan, TD Bank as co-syndication agents.