secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001140361-24-012639
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WAB raises $500M in 5.611% Senior Notes due 2034; plans $225M term loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036124012639/0001140361-24-012639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036124012639/ny20023735x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-012639

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