Wabtec Prices $500M Senior Notes Offering Due 2037

Executive Summary

On November 3, 2026, Westinghouse Air Brake Technologies Corporation (NYSE: WAB) filed a Form 8-K under Item 8.01 (Other Events) announcing the pricing and entry into an underwriting agreement for a public offering of $500 million aggregate principal amount of its 5.900% Senior Notes due 2037.

Key Terms of the Offering

• Principal Amount: $500,000,000
• Coupon Rate: 5.900%
• Maturity Date: 2037
• Guarantees: Unconditionally guaranteed by certain subsidiary guarantors of the Company.
• Representatives / Underwriters: BofA Securities, Inc., Citigroup Global Markets Inc., PNC Capital Markets LLC, and TD Securities (USA) LLC.
• Indenture Structure: Issued under the Base Indenture dated August 8, 2013, as supplemented by a Fifteenth Supplemental Indenture with U.S. Bank Trust Company, National Association as trustee.
• Registration: Conducted pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-299570).

Capital Structure & Market Impact

This debt issuance represents an ordinary-course balance sheet liquidity and refinancing action. The pricing of long-term senior unsecured debt with an 11-year maturity at 5.900% locks in fixed financing costs without equity dilution.