Wabtec sells $500 million of 5.900% senior notes due 2037 to refinance 2026 debt
Westinghouse Air Brake Technologies completed a $500 million offering of 5.900% senior notes maturing February 25, 2037. The company plans to use the proceeds, along with revolver, short-term and commercial paper funding, to repay its 3.45% senior notes due November 15, 2026. The filing adds long-term debt but describes it as refinancing existing maturing debt, and the filing does not report earnings or guidance.
Key points
- Notes: $500 million aggregate principal, 5.900% coupon, maturing February 25, 2037
- Interest payable semi-annually on February 25 and August 25, starting February 25, 2027
- Proceeds intended to repay 3.45% senior notes due 2026 at maturity on November 15, 2026
- Change of control triggers an offer to repurchase at 101% of principal; notes are unsecured and guaranteed by subsidiaries
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.