Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, has announced plans to finance its pending acquisition of the Inspection Technologies division of Evident Corporation. The company intends to use proceeds from a recent public offering of $1.25 billion in senior notes to fund the transaction alongside other corporate purposes. The offering includes $500 million in 4.900% Senior Notes due 2030 and $750 million in 5.500% Senior Notes due 2035. The sale, managed by BNP Paribas, BofA Securities, HSBC Securities, and J.P. Morgan Securities, is expected to close by May 29, 2025, subject to customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wabtec Corporation - Westinghouse Air Brake Technologies Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250519305792) on May 19, 2025, and is solely responsible for the information contained therein.