WAB Establishes $2 Billion Commercial Paper Program, Subsidiaries Guarantee Notes
· The NYC Memo
Westinghouse Air Brake Technologies Corporation (WAB) established a commercial paper program on October 1, 2026. The program allows WAB to issue up to $2 billion in short-term, unsecured commercial paper notes with maturities up to 397 days. Several Wabtec subsidiaries, including GE Transportation, unconditionally guarantee these notes.