PITTSBURGH – (BUSINESS WIRE) – Wabtec Corporation (NYSE: WAB) (“Wabtec”) and Wabtec Transportation Netherlands BV (“Issuer”), a wholly-owned subsidiary of Wabtec, announced the price of the Issuer’s public offering of a total principal amount of € 500 million of 1.250% senior notes due 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Wabtec.
The Notes will bear interest at the rate of 1.250% per annum. The Issuer will pay interest on the Notes annually on December 3 of each year, commencing December 3, 2021. The Notes will mature on December 3, 2027, unless they are redeemed or redeemed previously. The Wabtec Notes and collateral will be the senior unsecured obligations of the Issuer and Wabtec, respectively. The Issuer and Wabtec intend to use the net proceeds of the offering to finance and / or refinance one or more eligible green projects in accordance with Wabtec’s green financing framework. Ticket sales are expected to close on June 3, 2021, subject to customary closing conditions.
An application has been made for the notes to be admitted to the official list of the Irish Stock Exchange plc, traded as Euronext Dublin (“Euronext Dublin”) and traded on the Global Exchange Market (“GEM”) d ‘Euronext Dublin.
BNP Paribas, Goldman Sachs & Co. LLC and HSBC Continental Europe act as representatives of several underwriters and joint bookkeepers, and of BofA Securities Europe SA, Citigroup Global Markets Europe AG, Crédit Agricole Corporate and Investment Bank, JP Morgan AG and Société Générale are acting as joint bookkeepers for the offer. BNP Paribas also acts as a green structuring agent for the offer.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, and there will be no sale of the Notes in any jurisdiction where such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such a jurisdiction.
The offering is being made pursuant to an automatic pre-registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”) on May 19, 2021. The offering may only be made by way of a prospectus and a related prospectus supplement. Before investing, you should read the registration statement, including the prospectus and the prospectus supplement, as well as other documents that Wabtec and the Issuer have filed with the SEC for more complete information on the Issuer and this offer. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at http://www.sec.gov. Alternatively, to obtain a copy of the prospectus and prospectus supplement for this offering, please contact BNP Paribas, 16, boulevard des Italiens, 75009 Paris, France, Attn: Fixed Income Syndicate, or by phone (toll free) at 1-800 -854-5674; Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Registration Department, by phone at 1-866-471-2526, or by email at [email protected]; and HSBC Continental Europe, 38, avenue Kléber, 75116 Paris, France, Attn: DAJ Global Banking, by phone at 1-866-811-8049, or by email at [email protected]
This document is intended for distribution only to persons who (i) have professional experience in matters relating to investments falling under Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial promotion order”), (Ii) are persons falling under Article 49, paragraph 2, points a) to d) (” wealthy companies, unincorporated associations, etc. “) of the Financial Promotion Order, (iii) are found outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of securities may be legally communicated or provoked otherwise. to be communicated (all these persons being designated together “persons concerned“). This document is addressed only to data subjects and should not be relied on or relied on by persons who are not data subjects. Any investment or investment activity to which this document relates is accessible only to persons concerned and will only be engaged with the persons concerned.
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About Wabtec Corporation
Wabtec Corporation is one of the world’s leading providers of equipment, systems, digital solutions and value-added services for freight and rail transit. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unparalleled digital expertise, technological innovation and world-class manufacturing and services, enabling digital ecosystems of rail and of public transport. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio includes a full line of locomotives, software applications and a wide selection of mission critical control systems including positive train control (PTC). The public transport portfolio provides high-tech systems and services to virtually all major rail transport systems around the world, providing an integrated series of components for buses and all train-related market segments that provide safety, passenger efficiency and comfort. In addition to its portfolio of industry-leading products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has around 27,000 employees around the world. Visit: www.WabtecCorp.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking” statements as such term is defined in section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended by law. Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, are forward-looking statements, including statements regarding the use of proceeds from the offering. Forward-looking statements relate to future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may”, “will”, “should”, “potential”, “intend”. “,” Expect “,” strive, “” Seek “,” anticipate “,” estimate “,” overestimate “,” underestimate “,” believe “,” might “,” project “,” predict “,” continue “,” target “or other similar words or expressions. Forward-looking statements are based on current plans, estimates and expectations which are subject to risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if the underlying assumptions turn out to be incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be construed as a representation that these plans, estimates or expectations will be real ized. Forward-looking statements speak only as of the date of this communication. Wabtec assumes no obligation to update forward-looking statements, whether as a result of new information or developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.