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  • Wabtec’s Bids for Kids 2020 event raises $173,000 for local charities

    06/24/2020

    •    The event has raised more than $2.1 million over the fundraiser’s history
    •    Funds go to local Boys & Girls Club, Make-A-Wish and Shriners Hospitals for Children

    ERIE, PA (June 24, 2020) — Wabtec (NYSE: WAB) presented checks today to local charities totaling $173,000 from a successful 2020 Bids for Kids fundraiser. The funds support important community programs at Erie’s Boys & Girls Club, Make-A-Wish and Shriners Hospitals for Children.

    “Bids for Kids is a long-standing program providing vital support to critical local organizations, especially in these challenging times,” said Jim Meyer, General Manager of Propulsion Engineering for…

  • Wabtec Announces Pricing of Senior Notes Offering

    06/17/2020

    Pittsburgh, PA, June 17, 2020 – Wabtec Corporation (NYSE: WAB) (“Wabtec”) announced that it has priced a public offering of $500 million aggregate principal amount of 3.200% Senior Notes due 2025 (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 Notes will pay interest semi-annually in arrears. The Notes will mature on June 15, 2025, unless earlier redeemed or repurchased. Wabtec intends to use the net proceeds from the offering, together with cash on hand, to fund a redemption of its outstanding Floating…