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Press Release
  • Wabtec Announces Pricing of Senior Notes Offering


    WILMERDING, PA, Sept. 12, 2018 – Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced that it has priced a public offering of (i) $500 million of Floating Rate Senior Notes due 2021 (the “Floating Rate Notes”), (ii) $750 million of 4.150% Senior Notes due 2024 (the “2024 Notes”) and (iii) $1.25 billion of 4.700% Senior Notes due 2028 (the “2028 Notes,” and, together with the Floating Rate Notes and the 2024 Notes, the “Notes”). The Notes will be guaranteed by each of Wabtec’s current and future subsidiaries that guarantee its indebtedness under its credit agreement or any other debt of Wabtec or any other guarantor.
    The Floating Rate Notes will pay interest quarterly...

  • CN Orders 60 More Locomotives from GE Transportation


    CHICAGO--GE Transportation (NYSE:GE) announced today that CN (TSX: CNR) (NYSE: CNI) will acquire 60 additional locomotives, expanding the class I’s 200-unit order placed in December 2017.

    “With strong demand across our business, we continue to invest for the long haul with these locomotives that further expand the reliability and size of our fleet,” said JJ Ruest, president and chief executive officer of CN. “With expanded infrastructure and new equipment, we are giving our industry-leading transportation team the tools they need to provide higher levels of service with greater operating efficiency.”

    Similar to CN’s 2017 purchase, this order includes Tier 4 Evolution™...