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The Westinghouse Air Brake Technologies Corporation's $1.95 Billion of Credit Facilities

Cravath represented Goldman Sachs Bank USA in connection with the arrangement of a $1.2 billion revolving credit facility, a $350 million term loan and a $400 million delayed draw term loan made available to Westinghouse Air Brake Technologies Corporation, a leading supplier of value‑added, technology‑based products and services for freight rail, passenger transit and select industrial markets worldwide. The facilities will be used to finance the pending acquisition of GE’s transportation business and for working capital and other general corporate purposes. The transaction closed on June 8, 2018.

The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associate Michael W. Fahner on banking matters; partner J. Leonard Teti II and associate Andrew L. Mandelbaum on tax matters; senior attorney Annmarie M. Terraciano on environmental matters; and associate Faye C. Whiston on executive compensation and benefits matters.