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Wabtec announces new financing arrangements

June 2018

Client(s) Wabtec Corporation

Jones Day represented Wabtec Corporation in connection with the refinancing and replacement of its existing revolving credit facility in the aggregate principal amount of $1.2 billion; a refinancing term loan in an aggregate principal amount of $350 million; and a new delayed draw term loan in an aggregate principal amount of $400 million. The new credit facility also includes the option to obtain bridge financing in an amount up to $2.5 billion.

Wabtec is one of the world’s largest providers of value-added, technology-based equipment, systems and services for the global passenger transit and freight rail industries. Through its subsidiaries, Wabtec manufactures a range of products for locomotives, freight cars, and passenger transit vehicles, and also builds new switcher and commuter locomotives, and provides aftermarket services. Wabtec is a global company with operations in 31 countries and products that can be found in more than 100 countries throughout the world.

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