Wabtec issues $500 million in 5.9% senior notes due 2037
WAB•Wabtec completed a $500 million public offering of 5.9% senior notes due February 25, 2037. It plans to use net proceeds, along with other financing, to repay its outstanding 3.45% senior notes at maturity on November 15, 2026.
1. Offering terms
Wabtec completed the offering on November 4, 2026. Interest is payable twice a year, on February 25 and August 25, beginning February 25, 2027, with U.S. Bank Trust Company serving as trustee.
2. Repayment and guarantees
The company plans to use the proceeds, supplemented by other financing, to repay its outstanding 3.45% senior notes at maturity on November 15, 2026. The senior unsecured notes are fully and unconditionally guaranteed by qualifying current and future subsidiaries on a joint and several, unsecured basis.
