Dow Jones reported that the global commercial vehicle safety and control technology, a supplier WABCO Company (WABCOHoldingsInc.) today announced the company July 8, 2011 signed a five-year, $ 400 million in new multi-currency kinds of revolving credit agreement. New contract will replace the expired July 2012, WABCO's existing revolving credit agreement.

    Previously, WABCO Board of Directors on May 26, 2011 approved the company up to $ 400 million in common stock share repurchase program and has authorized the company started the program. The program will be June 1, 2011 implementation date, and will be completed within two years.

    WABCO is headquartered in Brussels, Belgium, in 31 countries with 9900 employees. 2010 worldwide sales totaled $ 2.2 billion.

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