Wabtec amends and restates its credit agreement in aggregate principal amount of up to $2.725 billion

Client(s) Wabtec Corporation

Jones Day represented Wabtec Corporation in connection with the refinancing and amendment and restatement of its existing delayed draw term and revolving credit facility that also refinances its separate existing $225 million term loan facility. The new credit facility includes a delayed draw term loan facility in an aggregate principal amount of $725 million and a revolving credit facility in an aggregate principal amount of $2 billion with the option to add incremental commitments to increase either facility in an aggregate principal amount of up to $1 billion.

Wabtec is one of the world’s largest providers of value-added, technology-based equipment, systems and services for the global passenger transit and freight rail industries. Through its subsidiaries, Wabtec manufactures a range of products for locomotives, freight cars, and passenger transit vehicles, and also builds new switcher and commuter locomotives, and provides aftermarket services. Wabtec is a global company with operations in 31 countries and products that can be found in more than 100 countries throughout the world.