Wabtec Announces Pricing of Senior Notes Offering
PITTSBURGH, November 2, 2026 - Wabtec Corporation (NYSE: WAB) ("Wabtec") today announced that it has priced a public offering (the "Offering") of $500 million aggregate principal amount of 5.900% Senior Notes due 2037 (the "Notes"). The Notes will be guaranteed by each of Wabtec's current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor.
The Notes will pay interest semi-annually in arrears. The Notes will mature on February 25, 2037, unless earlier redeemed or repurchased.
Wabtec intends to use the net proceeds from the offering of the Notes, together with borrowings under its revolving credit facilities, short-term facilities and/or proceeds of issuances under its commercial paper program, to repay its outstanding 3.450% Senior Notes due 2026 (the "2026 Notes") at their maturity date of November 15, 2026. This press release does not constitute an offer to purchase or a solicitation of an offer to sell the 2026 Notes or a notice of redemption under the indenture governing the 2026 Notes.
The sale of the Notes is expected, subject to customary closing conditions, to close on November 4, 2026.
BofA Securities, Inc., Citigroup Global Markets Inc., PNC Capital Markets LLC and TD Securities (USA) LLC are acting as joint book-running managers for the Offering.