debt
confidence high
sentiment neutral
materiality 0.50
Wabtec issues $1.25B in senior notes: $500M 4.900% due 2030, $750M 5.500% due 2035
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- Aggregate principal $1.25B: $500M at 4.900% due 2030; $750M at 5.500% due 2035.
- Interest payable semi-annually on May 29 and Nov 29, starting Nov 29, 2025.
- Redeemable at make-whole premium before Par Call Date; thereafter at 100% of principal.
- Senior unsecured notes, fully guaranteed by certain subsidiaries; change-of-control put at 101%.
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