WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB): debt financing — WAB raises $500M in 5.611% Senior Notes due 2034; plans $225M term loan

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Issued $500M aggregate principal of 5.611% Senior Notes maturing March 11, 2034.
Notes are senior unsecured obligations with subsidiary guarantees; make-whole redemption before Dec 11, 2033.
Proceeds not specified; offering not conditioned on expected $225M term loan under new 2024 Credit Agreement.
The 2024 Credit Agreement providing $225M term loan expected to be entered on or about March 14, 2024.
Covenants limit incurrence of secured debt and sale/leaseback transactions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred senior notes of $500,000,000 aggregate principal amount with Computershare Trust Company, National Association; U.S. Bank Trust Company, National Association at 5.611% per year maturing March 11, 2034.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: Computershare Trust Company, National Association; U.S. Bank Trust Company, National Association
Rate: 5.611% per year
Maturity: March 11, 2034
Event: incurrence

Exact text from the filing

On March 11, 2024, Westinghouse Air Brake Technologies Corporation (the “Company”) completed a public offering and sale of $500,000,000 aggregate principal amount of the Company’s 5.611% Senior Notes due 2034 (the “notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP entered into Twelfth Supplemental Indenture to the Indenture dated as of August 8, 2013, for 5.611% Senior Notes due 2034 with Computershare Trust Company, National Association; U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount of 5.611% Senior Notes due 2034 (effective 2024-03-11).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, National Association; U.S. Bank Trust Company, National Association
Value: $500,000,000 aggregate principal amount of 5.611% Senior Notes due 2034
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, Westinghouse Air Brake Technologies Corporation (the “Company”) completed a public offering and sale of $500,000,000 aggregate principal amount of the Company’s 5.611% Senior Notes due 2034 (the “notes”).

View on SEC.gov

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WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0001140361-24-012639

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