- Westinghouse Air Brake Technologies Corp WAB (Wabtec) signed an amended and restated credit agreement, increasing the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and adding a $250 million delayed draw term loan facility.
- The facility, due to expire in June 2023, now has a maturity date of August 2027.
- Also Read: Wabtec Reports Mixed Q2 Results; Tightens FY22 EPS View
- The terms and provisions of the new facility are materially unchanged from the existing credit facility.
- Price Action: WAB shares are trading lower by 1.57% at $94.83 on the last check Wednesday.
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