WABTEC Files Standard 8-K for Feb 26 Event
Ticker: WAB · Form: 8-K · Filed: Feb 27, 2024 · CIK: 943452
Sentiment: neutral
Topics: 8-K filing, regulatory filing, corporate update
TL;DR
**WABTEC filed a boilerplate 8-K on Feb 27 for a Feb 26 event, no specific details yet.**
AI Summary
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WABTEC) filed an 8-K on February 27, 2024, reporting an event that occurred on February 26, 2024. The filing indicates 'Other Events' and 'Financial Statements and Exhibits' under Item Information, but the provided text does not detail the specific nature of these events or exhibits. The company is incorporated in Delaware and maintains its principal executive offices in Pittsburgh, Pennsylvania.
Why It Matters
This 8-K serves as a regulatory update, informing investors about a recent event at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION, though specific details are not yet available in this excerpt. It ensures transparency regarding corporate activities as required by the SEC.
Risk Assessment
Risk Level: low — The filing is a standard regulatory disclosure without any specific event details that would indicate a material positive or negative impact on the company.
Key Numbers
- N/A — No specific financial figures (This filing contains only metadata and no financial or operational numbers.)
Key Players & Entities
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (company) — Registrant
- Delaware (location) — State of Incorporation
- Pittsburgh, Pennsylvania (location) — Principal Executive Offices
- February 26, 2024 (date) — Date of Earliest Event Reported
- February 27, 2024 (date) — Filing Date
FAQ
What is the full name of the registrant as specified in its charter?
The registrant's exact name as specified in its charter is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION.
When was the earliest event reported in this 8-K filing?
The Date of Earliest Event Reported in this 8-K is February 26, 2024.
Where are the principal executive offices of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION located?
The principal executive offices are located at 30 Isabella Street, Pittsburgh, Pennsylvania 15212.
What items are mentioned under 'ITEM INFORMATION' in this 8-K filing?
The filing mentions 'Other Events' and 'Financial Statements and Exhibits' under ITEM INFORMATION.
In which state is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION incorporated?
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION is incorporated in Delaware.
Filing Stats: 727 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-02-27 08:23:06
Key Financial Figures
- $0.01 — nge on Which Registered Common Stock, $0.01 par value per share WAB New York St
- $500.0 million — its public offering (the "Offering") of $500.0 million aggregate principal amount of its 5.611
- $225.0 m — an aggregate principal amount equal to $225.0 million, pursuant to the terms and condit
Filing Documents
- ny20022052x4_8k.htm (8-K) — 28KB
- ny20022052x4_ex1-1.htm (EX-1.1) — 288KB
- ny20022052x4_ex99-1.htm (EX-99.1) — 12KB
- ny20022052x4_ex99-1img01.jpg (GRAPHIC) — 330KB
- 0001140361-24-009685.txt ( ) — 973KB
- wab-20240226.xsd (EX-101.SCH) — 4KB
- wab-20240226_lab.xml (EX-101.LAB) — 21KB
- wab-20240226_pre.xml (EX-101.PRE) — 16KB
- ny20022052x4_8k_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events. In connection with its public offering (the "Offering") of $500.0 million aggregate principal amount of its 5.611% Senior Notes due 2034 (the "Notes"), Westinghouse Air Brake Technologies Corporation (the "Company") is filing herewith as Exhibit 1.1 the Underwriting Agreement, dated February 26, 2024 (the "Underwriting Agreement"), by and among the Company, the subsidiary guarantors party thereto and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and TD Securities (USA) LLC. The Offering is being conducted pursuant to the Company's shelf registration statement (333-275386) filed with the Securities and Exchange Commission. Concurrent with the closing of the Offering, which is expected to occur on or about March 11, 2024, the Company expects to enter into a new credit agreement by and among the Company, the other loan parties thereto from time to time, the lender parties thereto from time to time, PNC Bank, National Association, as Administrative Agent, and the other parties party thereto from time to time (the "2024 Credit Agreement"). The 2024 Credit Agreement will be with a syndicate of lenders and will provide for a single borrowing of term loans in an aggregate principal amount equal to $225.0 million, pursuant to the terms and conditions of the 2024 Credit Agreement (which will be substantially similar to the terms of the Company's 2022 credit agreement). The Offering is not conditioned upon the entry into or funding of the 2024 Credit Agreement. On February 26, 2024, the Company issued a press release announcing that it priced the Offering. A copy of the Company's press release is filed herewith as Exhibit 99.1.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following exhibits are furnished with this report on Form 8-K: Exhibit No. Description 1.1 Underwriting Agreement, dated February 26, 2024, by and among Westinghouse Air Brake Technologies Corporation, the subsidiary guarantors party thereto and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and TD Securities (USA) LLC. 99.1 Press Release, dated February 26, 2024 104 Cover Page Interactive Data File within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION By: /s/ John A. Olin John A. Olin Executive Vice President and Chief Financial Officer Date: February 27, 2024