Westinghouse Air Brake Technologies Corporation Enters New $225M Credit Agreement

Details

The unsecured 2024 Term Loan Facility has a maturity date five years from the closing date and interest rates based on Term SOFR, Daily Simple SOFR, and Alternate Base Rate. The agreement includes financial covenants and customary events of default. This credit agreement is a part of Wabtec's efforts to secure additional financial resources for future operations and potential acquisitions.

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About Wabtec Corporation

Wabtec Corporation is a leading provider of technology-based equipment and services for the global rail industry. The company, formed through the merger of Wabtec and GE Transportation, specializes in developing, manufacturing, and servicing products that enhance the safety, efficiency, and productivity of freight and transit rail. Notable offerings include locomotives, control systems, and digital solutions that contribute to the optimization of rail network management. Wabtec also delivers crucial after-market services and refurbishment for railway equipment. Serving a critical role in the logistics and transportation sector, Wabtec finds its place at the intersection of innovation and infrastructure, aiding in the smooth flow of goods and passengers over vast distances. Leveraging decades of experience, the company's solutions not only support rail safety and operation but also align with broader trends in sustainability, as rail is one of the more environmentally friendly modes of transport. Headquartered in Pittsburgh, Pennsylvania, Wabtec is a major player in the transportation equipment industry, with a global footprint that underscores its importance in the rail supply chain.