Wabtec Corporation, also known as Westinghouse Air Brake Technologies Corporation, has announced plans to finance its pending acquisition of the Inspection Technologies division of Evident Corporation. The company intends to use proceeds from a recent public offering of $1.25 billion in senior notes to fund the transaction alongside other corporate purposes. The offering includes $500 million in 4.900% Senior Notes due 2030 and $750 million in 5.500% Senior Notes due 2035. The sale, managed by BNP Paribas, BofA Securities, HSBC Securities, and J.P. Morgan Securities, is expected to close by May 29, 2025, subject to customary conditions.
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