Westinghouse Air Brake Technologies Corporation filed a Form 8-K on November 4, 2026, disclosing the completion of a public offering of $500,000,000 aggregate principal amount of 5.900% Senior Notes due 2037, listed on the New York Stock Exchange under the ticker NYSE:WAB.

Key Highlights

  • Offering size: $500,000,000 aggregate principal amount of 5.900% Senior Notes due February 25, 2037.
  • Interest payments: Semi-annual interest at 5.900% per year, payable on February 25 and August 25 each year, commencing February 25, 2027.
  • Use of proceeds: The company disclosed it intends to use the net proceeds, together with other borrowings, to repay its outstanding 3.45% Senior Notes due 2026 at their maturity date of November 15, 2026.
  • Par Call Date: The company may redeem the Notes at par on or after November 25, 2036, three months prior to maturity.
  • Change of control: Upon a change of control triggering event, the company must offer to repurchase the Notes at 101% of principal amount plus accrued and unpaid interest.
  • Guarantees: The Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by current and future qualifying subsidiaries.

Wabtec Completes $500M Senior Note Offering to Refinance 2026 Debt

According to the filing, Westinghouse Air Brake Technologies Corporation completed the public offering and sale of $500,000,000 aggregate principal amount of 5.900% Senior Notes due 2037 on November 4, 2026. The offering was made pursuant to the company's existing shelf registration statement on Form S-3 (File No. 333-299570) filed with the SEC on October 21, 2026. The Notes were issued under the Indenture dated August 8, 2013, as further amended by the Fifteenth Supplemental Indenture dated November 4, 2026, with U.S. Bank Trust Company, National Association serving as trustee for the Notes.

The filing states that the Notes will bear interest at 5.900% per year and mature on February 25, 2037. Prior to the Par Call Date of November 25, 2036, the company may redeem the Notes in whole or in part by paying a "make-whole" premium as described in the Indenture. On or after that date, the Notes may be redeemed at 100% of principal amount plus accrued and unpaid interest. The company disclosed that the Notes are senior unsecured obligations ranking equally with other senior unsecured indebtedness and are effectively subordinated to any existing and future secured indebtedness to the extent of assets securing that debt.

The filing further states that the company intends to apply the net proceeds from the offering, combined with borrowings under its revolving credit facilities, short-term facilities, and/or proceeds from its commercial paper program, to repay the outstanding 3.45% Senior Notes due 2026 at their maturity on November 15, 2026. The Notes are subject to covenants limiting the company's ability to incur debt secured by certain liens and to enter into sale and leaseback transactions, subject to exceptions set forth in the Indenture.

What Was Disclosed

Westinghouse Air Brake Technologies Corporation reported the completion of a $500,000,000 public debt offering of 5.900% Senior Notes due 2037, governed by a Fifteenth Supplemental Indenture dated November 4, 2026, with proceeds intended to refinance the company's 3.45% Senior Notes maturing November 15, 2026.