Wabtec $750 million 3.45% notes issue

4/11/2016
Acquisition finance, Investment grade bond/note issue

$ 750 million

Completed

4/11/2016


Overview:

  • Train parts manufacturer Wabtec has issued $750 million of 3.45% notes.
  • The notes were offered in the US through Rule 144A and Regulation S and are due in 2026.
  • Some of the proceeds will be used to help finance Wabtec's acquisition of Faiveley Transport.
  • JPMorgan Securities, Merrill Lynch Pierce Fenner & Smith, PNC Capital Markets, HSBC and Société Générale acted as bookrunners.

Kurt Stumpo - Journalist

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