Wabtec holds fixed income investor calls for three-part offering of senior notes

By Cristal Cody

Tupelo, Miss., Sept. 10 – Westinghouse Air Brake Technologies Corp. (Wabtec) is holding fixed income investor calls through Tuesday for a three-tranche offering of senior notes (BBB), according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The company began the investor calls on Monday.

The deal includes floating-rate notes due in 2021 and two fixed-rate tranches due in 2024 and 2028.

Goldman Sachs & Co. LLC, BofA Merrill Lynch, J.P. Morgan Securities LLC and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used to fund the merger of the company and General Electric Co.'s transportation businesses.

Wabtec is a Wilmerding, Pa.-based provider of products and services for rail and other industrial markets.

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