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Prospect News home > News index > List of issuers W > Headlines for Wabtec (Westinghouse Air Brake Technologies Co.) > News item |
Wabtec to start roadshow Monday for $150 million 10-year notes
By Paul A. Harris
St. Louis, July 11 - Westinghouse Air Brake Technologies Corp. - or Wabtec for short - starts the roadshow Monday for an offering of $150 million senior notes due 2013 (Ba2/BB), according to informed sources.
Marketing is expected to conclude on July 22, with pricing to follow during the week of July 21, the sources added.
JP Morgan is the bookrunner on the Rule 144A/Regulation S offering. Morgan Stanley is joint lead manager. The co-managers are ABN Amro, BB&T, BNY Securities, Morgan Keegan, NatCity Investments and PNC.
The notes will be non-callable for life.
Proceeds will be used to repay the revolver and for general corporate purposes.
Wabtec is a Wilmerding, Pa.-based provider of technology-based products and services for the rail industry.
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