secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001140361-25-015779
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 into $2.725B credit facility, refinances existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000114036125015779/0001140361-25-015779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000114036125015779/ef20047922_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-015779

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