Westinghouse Air Brake Technologies Corporation’s $2.725 Billion of Credit Facilities

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $2.725 billion of credit facilities made available to Westinghouse Air Brake Technologies Corporation and certain of its subsidiaries. Westinghouse Air Brake Technologies Corporation is a leading global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail sectors. The facilities consisted of a $2 billion revolving credit facility and a $725 million delayed draw term loan facility. The transaction closed on April 23, 2025.

The Cravath team included partner Tatiana Lapushchik and associate Joshua G. Ezickson on banking matters; partner Andrew T. Davis and associates Carolyn Liziewski and Frederick Schemel on tax matters; partner Matthew Morreale on environmental matters; and associate Louis (Jay) Kober on executive compensation and benefits matters. Lindsey Corbett also worked on banking matters.