Wabco to redeem $500 million notes due 2022, 2025, 2027 on April 30

By Marisa Wong

Morgantown, W.Va., April 19 – Wabco Holdings Inc. plans to prepay in full its outstanding 2.83% senior notes, series A, due June 25, 2022, 3.08% senior notes, series B, due June 25, 2025 and 3.18% senior notes, series C, due June 25, 2027, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be prepaid on April 30.

The total prepayment amount will be $500 million of principal, plus accrued interest and a make-whole amount.

The company originally issued the notes on June 25, 2015 through a private placement.

Wabco is based in Piscataway, N.J. It makes electronic, mechanical and mechatronic products for automobile manufacturers.

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