Wabtec Announces New Financing Arrangements
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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Source: GlobeNewswire
WILMERDING, Pa., June 13, 2018 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE:WAB) today announced that it has entered into new financing arrangements in connection with its pending merger with GE Transportation. The new arrangements include syndication of a $2.5 billion senior unsecured bridge commitment and $400 million senior unsecured delayed draw term loan to fund the cash portion of the merger. The new arrangements provide that the bridge commitment will be reduced by any alternative financing that Wabtec arranges prior to closing, which may include additional loans or long-term notes. In addition, the company refinanced an existing revolving credit facility with a $1.2 billion senior unsecured revolver with a five-year term, and refinanced an existing $350 million senior unsecured term loan with a three-year term loan. Patrick D. Dugan, Wabtec’s executive vice president and chief financial officer, said: “With these arrangements, we have syndicated the necessary financ
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- 2/14/24 - Miss
WAB
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEF
- 4/4/24 - Form DEFA14A
- WAB's page on the SEC website