Wabtec Closes $500M Offering of 5.900% Senior Notes Due 2037

Executive Summary

On November 4, 2026, Westinghouse Air Brake Technologies Corporation (Wabtec) closed a public offering of $500,000,000 aggregate principal amount of 5.900% Senior Notes due February 25, 2037. The offering was conducted under the company's shelf registration statement on Form S-3 filed on October 21, 2026.

Key Terms of the Notes

• Principal Amount: $500,000,000
• Coupon / Yield: 5.900% per year, payable semi-annually on February 25 and August 25, starting February 25, 2027.
• Maturity: February 25, 2037.
• Optional Redemption: Redeemable prior to November 25, 2036 (Par Call Date) at a make-whole premium; on or after November 25, 2036, redeemable at 100% of principal plus accrued interest.
• Change of Control: If a Change of Control Triggering Event occurs, the company is required to make an offer to repurchase the Notes at 101% of the principal amount plus accrued interest.
• Guarantees & Ranking: Fully and unconditionally guaranteed on an unsecured basis by certain existing and future subsidiaries that guarantee Wabtec's primary credit facilities. The Notes rank equally with all other senior unsecured obligations.

Use of Proceeds

Wabtec intends to use the net proceeds, together with borrowings under its revolving credit facilities, short-term facilities, and/or commercial paper program, to refinance and repay its existing 3.45% Senior Notes due November 15, 2026, at maturity.