- Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) signed an amended and restated credit agreement, increasing the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and adding a $250 million delayed draw term loan facility.
- The facility, due to expire in June 2023, now has a maturity date of August 2027.
- Also Read: Wabtec Reports Mixed Q2 Results; Tightens FY22 EPS View
- The terms and provisions of the new facility are materially unchanged from the existing credit facility.
- Price Action: WAB shares are trading lower by 1.57% at $94.83 on the last check Wednesday.
MoonLake Immunotherapeutics Screens First Patient In Phase 2 Study Of The Nanobody Sonelokimab In Active Psoriatic Arthritis
Phase 2 study represents an important step in psoriatic arthritis clinical development, assessing high threshold outcomes across joint and skin domains of this multi-faceted disease
Global study to assess efficacy and
