Westinghouse Air Brake Technologies Corporation’s $500 Million Senior Notes Offering


K&L Gates acted as counsel to Westinghouse Air Brake Technologies Corporation, while Cravath, Swaine & Moore represented the underwriters in connection with the offering.

Westinghouse Air Brake Technologies Corporation completed a public offering and sale of $500 million aggregate principal amount of the Company’s 3.200% Senior Notes due 2025. The transaction closed on June 29, 2020.

BofA Securities, J.P. Morgan Securities and PNC Capital Markets LLC acted as underwriters for the offering.

Westinghouse Air Brake Technologies Corporation is one of the world’s largest providers of value-added, technology-based equipment, systems and services for the global passenger transit and freight rail industries.

The Cravath team advising the underwriters included partner Andrew J. Pitts (Picture) and associates Charles A. Dobb and Zachary B. Ramirez-Brunner on capital markets matters, and partner Kara L. Mungovan on tax matters. Eduarda N. Tavares also worked on capital markets matters, and Duncan H. Hardell also worked on tax matters.

Involved fees earner: Charles Dobb – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Zachary Ramirez-Brunner – Cravath Swaine & Moore; Eduarda Tavares – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Securities; J.P. Morgan Securities LLC; PNC Capital Markets LLC;

Author: Ambrogio Visconti