Westinghouse Air Brake Technologies Corporation

PITTSBURGH--(BUSINESS WIRE)-- #WeAreWabtec--Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced that it has priced a public offering (the “Offering”) of $500 million aggregate principal amount of 5.900% Senior Notes due 2037 (the “Notes”). The Notes will be guaranteed by each of Wabtec's current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor. The Notes will pay interest semi-annually in arrears. The Notes will mature.

PITTSBURGH--(BUSINESS WIRE)-- #WeAreWabtec--Wabtec (NYSE:WAB) finalized a long-term Material and Technical Support Agreement (MTSA) with Transnet Engineering to support Transnet's Class D43 and D44 locomotives. The deal, valued at approximately $390 million, is expected to enhance the availability and reliability of the railroad's locomotive fleet. "This agreement supports our Reinvent for Growth strategy and represents an important step in improving the performance of our locomotive fleet," said Transnet Eng.

INSW gears up for Q3 earnings, with sharply higher profit and revenue estimates as strong tanker rates may offset fuel costs and demand uncertainty.

Wabtec remains a high-quality industrial company with robust margins, a strong market share, and clear multi-year mid-single-digit organic growth visibility. Despite a Q3 revenue miss, WAB delivered solid margin expansion and operating results, with deferred deliveries expected to recover in the next quarter. North American rail fundamentals are healthy; international service and equipment opportunities, like the Simandou project, support long-term growth initiatives.