Wabtec enters $2.0 billion revolving credit facility and $725.0 million term loan
Wabtec entered an Amended and Restated Credit Agreement dated April 23, 2025, with PNC Bank as administrative agent. The agreement replaces its existing delayed draw term loan and revolving credit agreement and its March 2024 term credit agreement, and it adds a $2.0 billion revolving facility, a $725.0 million term loan, and up to $1.0 billion of optional incremental commitments. For shareholders, the filing shows a refinancing and expanded borrowing capacity with both facilities maturing April 23, 2030, but it does not report any change to earnings or guidance.
Key points
- Revolving Credit Facility of up to $2.0 billion and Term Loan Facility of $725.0 million, both maturing April 23, 2030
- Term loan proceeds refinanced $250 million of existing delayed draw term loans and $225.0 million of existing term loans
- Incremental facility permits up to $1.0 billion in additional commitments, subject to conditions
- Facilities are unsecured, guaranteed by certain subsidiaries, and include a change of control event of default
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.