Westinghouse Air Brake Technologies (WAB) said late Monday it priced a public offering of $500 million of 4.9% senior notes due 2030 and $750 million of 5.5% senior notes due 2035.
The company said it plans to use the net proceeds for general corporate purposes, including the repayment of outstanding debt and to partially fund its pending acquisition of Evident's Inspection Technologies division.
The sale of the notes is expected to close on May 29.
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