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Wabtec logoWabtec WAB

The company said it priced the Offering of $500 million of 4.900% Senior Notes due 2030 and $750 million of 5.500% Senior Notes due 2035.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said it priced the Offering of $500 million of 4.900% Senior Notes due 2030 and $750 million of 5.500% Senior Notes due 2035.

  2. Wabtec said the 2030 Notes will mature on May 29, 2030 and the 2035 Notes on May 29, 2035, with interest paid semi-annually in arrears. It said the Notes will be guaranteed by its current and future subsidiaries that guarantee its credit agreement debt or other debt of Wabtec or any other guarantor.

  3. The company said it plans to use the net proceeds for general corporate purposes, including repaying its 3.200% Senior Notes due 2025 at maturity on June 15, 2025, funding part of the purchase price for its Inspection Technologies division acquisition from Evident Corporation, and related fees and expenses.

  4. Wabtec said it entered into an Underwriting Agreement dated May 19, 2025 with BNP Paribas Securities Corp., BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and the subsidiary guarantors. It said the sale of the Notes is expected to close on May 29, 2025, subject to customary closing conditions.

Summary

AI-written

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.

Wabtec Prices $500 million 2030 Notes and $750 million 2035 Notes Offering

The company said it priced the Offering of $500 million of 4.900% Senior Notes due 2030 and $750 million of 5.500% Senior Notes due 2035.

Source · Based on the filing body and exhibits

Notes Maturities, Interest Payments and Guarantees

Wabtec said the 2030 Notes will mature on May 29, 2030 and the 2035 Notes on May 29, 2035, with interest paid semi-annually in arrears. It said the Notes will be guaranteed by its current and future subsidiaries that guarantee its credit agreement debt or other debt of Wabtec or any other guarantor.

Source · Based on the filing body and exhibits

Planned Use of Net Proceeds

The company said it plans to use the net proceeds for general corporate purposes, including repaying its 3.200% Senior Notes due 2025 at maturity on June 15, 2025, funding part of the purchase price for its Inspection Technologies division acquisition from Evident Corporation, and related fees and expenses.

Source · Based on the filing body and exhibits

Underwriting Agreement and Expected Closing Date

Wabtec said it entered into an Underwriting Agreement dated May 19, 2025 with BNP Paribas Securities Corp., BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and the subsidiary guarantors. It said the sale of the Notes is expected to close on May 29, 2025, subject to customary closing conditions.

Source · Based on the filing body and exhibits

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.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.