
Loan & DebtOct 1, 2026, 04:06 PM
Westinghouse Air Brake Technologies Establishes $2B Commercial Paper Program
AI Summary
Westinghouse Air Brake Technologies Corporation has established a commercial paper program allowing for the issuance of short-term, unsecured commercial paper notes up to an aggregate of $2,000,000,000. The payment of these notes will be unconditionally guaranteed by several of the Company's subsidiaries. The notes will have maturities of up to 397 days and will be issued at prevailing market rates. As of the filing date, no notes have been issued under the program. The issuance will be conducted on a private placement basis, exempt from registration under the Securities Act.
Key Highlights
- Westinghouse Air Brake Technologies Corp. established a commercial paper program.
- The program allows for the issuance of unsecured commercial paper notes up to an aggregate of $2,000,000,000.
- Notes will have maturities of up to 397 days from the date of issue.
- The program is guaranteed by several subsidiaries of the Company.
- Notes will be issued on a private placement basis under Section 4(a)(2) of the Securities Act.
Price Impact
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