Item 8.01. Other Events
On
Amendment No. 3 (i) changes the rate under the Credit Agreement for borrowings denominated in Sterling from a rate based on the London Interbank Offered Rate (LIBOR) to a rate based on the Sterling Overnight Index Average (SONIA) and (ii) changes the rate under the Credit Agreement for borrowings denominated in Euro from a LIBOR-based rate to a rate based on the Euro short term rate (€STR), in each case, subject to certain adjustments specified in the Credit Agreement, as amended by Amendment No. 3. Amendment No. 3 also provides for changes to certain terms and provisions to take into account these successor rates.
The foregoing is a summary of certain terms and provisions of Amendment No. 3 and is not a complete discussion of the document. Accordingly, such description of Amendment No. 3 in this Item 8.01 is qualified in its entirety by reference to the full text of Amendment No. 3, a copy of which is filed herewith as Exhibit 10.1., which includes a conformed copy of the Credit Agreement with all amendments.
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Third Amendment to Credit Agreement, dated as ofDecember 29, 2021 , amongWestinghouse Air Brake Technologies Corporation ,Wabtec Netherlands B.V. and the other borrowing subsidiaries party thereto, the lenders party thereto andPNC Bank, National Association , as Administrative Agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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