01—Abstract
Summary
Summary of the 8-K filed October 1, 2026. Cited figures are marked; the original filing is the authoritative source.
Westinghouse Air Brake Technologies Corporation established a commercial paper program on October 1, 2026, under which it may issue short-term, unsecured commercial paper notes with an aggregate outstanding amount not to exceed $2.0 billiona at any time.
The Notes will have maturities of up to 397 days from issuance and will be sold at a discount from par or at par, bearing interest at rates set at the time of issuance. As of the filing date, the Company had not issued any Notes. The payment of the Notes will be unconditionally guaranteed by GE Transportation, a Wabtec Company, RFPC Holding Corp., Transportation IP Holdings, LLC, Transportation Systems Services Operations Inc., Wabtec Components LLC, Wabtec Holding, LLC, Wabtec Railway Electronics Holdings, LLC, Wabtec Transportation Systems, LLC, and Wabtec US Rail, Inc. One or more commercial paper dealers will act under the Program pursuant to individual dealer agreements, and a national bank will serve as issuing and paying agent.
The Notes and guarantees have not been registered under the Securities Act of 1933 or state securities laws and will be issued on a private placement basis under Section 4(a)(2) of the Securities Act. The filing states that it is neither an offer to sell nor a solicitation of an offer to buy any Notes or guarantees.
02—Key points
Key Highlights
- Established a commercial paper program on October 1, 2026, allowing short-term unsecured notes
- Maximum aggregate amount outstanding at any time capped at $2.0 billion
- Notes carry maturities of up to 397 days from the date of issue
- Payment of the Notes is unconditionally guaranteed by nine subsidiaries, including GE Transportation, a Wabtec Company
- No Notes had been issued as of the filing date
- Notes will be issued on a private placement basis under Section 4(a)(2) of the Securities Act and are not registered
- A national bank will act as issuing and paying agent under the Program
03—Questions
Frequently Asked Questions
What did Westinghouse Air Brake Technologies Corporation announce in this filing?
The Company established a commercial paper program under which it may issue short-term, unsecured commercial paper notes, with aggregate outstanding amounts not to exceed $2.0 billion at any time.
How long can the commercial paper notes mature?
The Notes will have maturities of up to 397 days from the date of issue, and will be sold at a discount from par or at par, with interest rates determined at issuance.
Who guarantees the commercial paper notes?
Payment of the Notes is unconditionally guaranteed by GE Transportation, a Wabtec Company, RFPC Holding Corp., Transportation IP Holdings, LLC, Transportation Systems Services Operations Inc., Wabtec Components LLC, Wabtec Holding, LLC, Wabtec Railway Electronics Holdings, LLC, Wabtec Transportation Systems, LLC, and Wabtec US Rail, Inc.
Has the Company issued any notes under the program yet?
No. As of the date of the Current Report on Form 8-K, the Company had not issued any Notes under the Program.
Are the notes registered with the SEC or offered publicly?
No. The Notes and guarantees have not been registered under the Securities Act of 1933 or state securities laws and will be issued on a private placement basis under the exemption in Section 4(a)(2) of the Securities Act.
04—Continue