{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-013714","form_type":"8-K","ticker":"WAB","cik":"0000943452","company_name":"WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.372475+00:00","generated_at":"2026-06-04T16:25:53.835909+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Wabtec enters $225M unsecured term loan facility due 2029","bullets":["$225M unsecured term loan with five-year maturity, closed March 14, 2024.","Interest rate spreads: Term SOFR +1.00%-1.75% or ABR +0.00%-0.75%, based on ratings/leverage.","Financial covenants: Interest Coverage ≥3.0x, Leverage Ratio ≤3.5x.","Proceeds for general corporate purposes; no specific use stated.","Facility arranged by PNC, Citibank, HSBC, JPMorgan, TD Securities as joint lead arrangers."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-013714","json":"https://secwatch.observer/filing/0001140361-24-013714.json","markdown":"https://secwatch.observer/filing/0001140361-24-013714.md","text":"https://secwatch.observer/filing/0001140361-24-013714.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/943452/000114036124013714/0001140361-24-013714-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/943452/000114036124013714/ef20024267_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:25:53.835909+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e189b532bb251f1042af561b2f5c51d8197005d","claim":"WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred term loan of $225.0 million at range between 1.000% and 1.750% for Term SOFR maturing the fifth anniversary of the Closing Date.","evidence_excerpt":"on March 14, 2024 (the “Closing Date”), Westinghouse Air Brake Technologies Corporation (the “Company” or “Wabtec”) entered into a Term Credit Agreement, dated as of March 14, 2024 (the “2024 Credit Agreement”). The 2024 Credit Agreement is a standalone credit agreement, consisting of a new term loan facility in an aggregate initial principal amount of $225.0 million U.S. dollars (“2024 Term Loan Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/943452/000114036124013714/0001140361-24-013714-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$225.0 million"},{"label":"Rate","value":"range between 1.000% and 1.750% for Term SOFR"},{"label":"Maturity","value":"the fifth anniversary of the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}