debt
confidence high
sentiment neutral
materiality 0.65
Wabtec prices $1.25B senior notes offering; proceeds for acquisition and refinancing
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- $500M 4.900% notes due 2030 and $750M 5.500% notes due 2035 priced on May 19, 2025.
- Net proceeds to repay $3.200% Senior Notes due June 15, 2025 and fund part of Evident Inspection Technologies acquisition.
- Closing expected May 29, 2025; notes guaranteed by current and future subsidiary guarantors.
- Joint book-running managers: BNP Paribas, BofA Securities, HSBC, J.P. Morgan.
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