Wabtec enters into $2.725B credit facility, refinances existing debt

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

New $2.0B revolving credit facility and $725M delayed draw term loan, maturing April 23, 2030.
Refinances existing delayed draw term loan and term credit agreements from 2018 and 2024.
Interest rate determined by lower of leverage ratio (1.000%–1.750% for SOFR) or credit rating.
Unsecured; permits incremental commitments up to $1.0B under same conditions.
Contains customary covenants including leverage and interest coverage ratios.

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