Wabtec Corporation Prices $500 Million Senior Notes Offering Due 2037
Wabtec Corporation (NYSE: WAB) has finalized the pricing for a public offering of $500 million in senior notes. The debt instrument carries a fixed interest rate of 5.9% and is scheduled to mature on February 25, 2037. The notes will feature semi-annual interest payments and are backed by guarantees from specific current and future subsidiaries of the company. This capital raise provides Wabtec with long-term financing options as it continues its operations in the transportation sector.
Tickers: $WAB
Topics: Debt Issuance Public Offering Senior Notes
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