The company said Wabtec US Rail, Inc. agreed to provide an Additional Guarantee as a Subsidiary Guarantor of the 3.20% Senior Notes due 2025, 3.45% Senior Notes due 2026, 4.70% Senior Notes due 2028 and 5.611% Senior Notes due 2034 (the US Notes).

1. 01

   The company said Wabtec US Rail, Inc. agreed to provide an Additional Guarantee as a Subsidiary Guarantor of the 3.20% Senior Notes due 2025, 3.45% Senior Notes due 2026, 4.70% Senior Notes due 2028 and 5.611% Senior Notes due 2034 (the US Notes).

2. 02

   The company said the Additional Guarantee was provided because Wabtec US Rail, Inc. guaranteed the company's obligations under the Amended and Restated Credit Agreement dated April 23, 2025.

3. 03

   The company said that on a combined basis for the Parent Company and Guarantor Subsidiaries, net sales were $1,532 million for the 3 months ended March 31, 2025 and $5,949 million for the year ended 2024. It said net income (loss) attributable to Wabtec shareholders was $33 million and $(104) million, respectively.

4. 04

   The company reported combined long-term debt of $2,963 million as of March 31, 2025 and an amount due to Non-Guarantor Subsidiaries of $7,655 million. For the 3 months ended March 31, 2025, net sales to Non-Guarantor Subsidiaries were $243 million and purchases from Non-Guarantor Subsidiaries were $267 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.