Westinghouse Air Brake Technologies Corporation (Wabtec) announced the pricing of a public offering of $500 million in senior notes. The company intends to use the net proceeds from this offering to refinance existing debt that is set to mature in November 2026.
Key Details
- Offering Terms: $500 million aggregate principal amount of 5.900% Senior Notes, which will mature on February 25, 2037.
- Use of Proceeds: Net proceeds, combined with other borrowings, will be used to repay the company's outstanding 3.450% Senior Notes due November 15, 2026.
- Timeline: The offering was priced on November 2, 2026, and is expected to close on or about November 4, 2026, subject to customary closing conditions.