---
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"
generated_at: "2026-06-04T16:25:53.835909+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Wabtec enters $225M unsecured term loan facility due 2029

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-013714
- JSON: https://secwatch.observer/filing/0001140361-24-013714.json
- Plain text: https://secwatch.observer/filing/0001140361-24-013714.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $225.0 million
  - Rate: range between 1.000% and 1.750% for Term SOFR
  - Maturity: the fifth anniversary of the Closing Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/943452/000114036124013714/0001140361-24-013714-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.