Wabtec $750 million 3.45% notes issue

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