secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001140361-24-013714
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec enters $225M unsecured term loan facility due 2029
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036124013714/0001140361-24-013714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036124013714/ef20024267_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-013714

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