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Rail News: Railroading Supplier Spotlight

Wabtec completes revolving credit transaction


On Jan. 21, Wabtec Corp. announced it completed a $175 million revolving credit facility with a group of 11 banks led by LaSalle Bank N.A., which serves as administrative agent, lead arranger and sole bookrunner.

The unsecured, five-year term facility will enable Wabtec to refinance an existing $225 million credit facility that includes $40 million outstanding.

JPMorgan Chase Bank serves as the transaction's syndication agent and co-arranger.

Wabtec markets a range of products for locomotives, and freight and passenger cars. The supplier also produces switcher and commuter locomotives, and provides aftermarket services, including locomotive and freight-car fleet maintenance.

Contact Progressive Railroading editorial staff.

More News from 1/21/2004