Wabtec markets split-rated euro-denominated green notes

Chicago, May 27 – Wabtec Transportation Netherlands BV plans to sell an offering of euro-denominated green notes (Ba1/BBB-/BBB-), according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Westinghouse Air Brake Technologies Corp.

The notes have a make-whole call and a par call.

If there is a change-of-control event, the issuer will offer to repurchase the notes at 101.

Joint bookrunners are BNP Paribas, Goldman Sachs & Co. LLC, HSBC Continental Europe, BofA Securities Europe SA, Citigroup Global Markets Europe AG, Credit Agricole CIB, J.P. Morgan AG and Societe Generale.

MUFG Securities (Europe) NV, PNC Capital Markets LLC, Scotiabank Europe plc, TD Securities, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are senior co-managers.

Citizens Capital Markets, Inc., Huntington Securities, Inc., Morgan Stanley Europe SE and Wells Fargo Securities Europe SA are co-managers.

BNP Paribas is the green structuring agent.

The notes will be listed on Euronext Dublin.

Proceeds will be used to finance or refinance one or more eligible green projects.

Wabtec is a Pittsburgh-based provider of products and services for rail and other industrial markets. The listed issuer is an indirect wholly owned holding company.

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