Cases & Deals

Wabtec completes $2.5 billion public offering of Senior Notes

Client(s) Wabtec Corporation

Jones Day represented Westinghouse Air Brake Technologies Corporation (“Wabtec”) in connection with its underwritten public offering of $2.5 billion aggregate principal of Senior Notes, consisting of (i) $500 million aggregate principal amount of Floating Rate Senior Notes due 2021, (ii) $750 million aggregate principal amount of 4.150% Senior Notes due 2024, and (iii) $1.250 billion aggregate principal amount of 4.700% Senior Notes due 2028.

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.