Wabtec prices $500M 5.611% senior notes due 2034 to refinance 2024 notes

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Offering of $500M aggregate principal amount of 5.611% Senior Notes due 2034 priced Feb 26, 2024.
Notes mature March 11, 2034; pay interest semi-annually; guaranteed by Wabtec's subsidiaries.
Net proceeds plus cash or new $225M credit agreement will repay all outstanding 4.15% Senior Notes due March 15, 2024.
Closing expected on or about March 11, 2024, subject to customary conditions.
Joint book-running managers: Citigroup, J.P. Morgan, PNC Capital Markets, TD Securities.

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