Westinghouse Air Brake Technologies Corporation’s $1.25 Billion Registered Senior Notes Offering

Cravath represented the underwriters in connection with the $1.25 billion registered senior notes offering of Westinghouse Air Brake Technologies Corporation (“Wabtec”), one of the world’s largest providers of value‑added, technology‑based locomotives, equipment, systems and services for the global freight rail and passenger transit industries, and also serves customers in the mining, marine and industrial markets. Proceeds of the offering will be used to partially finance Wabtec’s acquisition of Evident Corporation’s Inspection Technologies division. The transaction closed on May 29, 2025.

The Cravath team included partners Ryan J. Patrone and Andrew J. Pitts and associates Nicholas B. Singer, Caroline Henebry and R. Christian Dunn on capital markets matters; partner Andrew T. Davis and associates Carolyn Liziewski and Frederick Schemel on tax matters; partner Matthew J. Bobby and associate H. Bianca Hsing on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters.