debt
confidence high
sentiment neutral
materiality 0.60
Curtiss-Wright enters new $750M revolving credit facility, replacing $500M prior facility
CURTISS WRIGHT CORP
- New $750M revolving credit facility replaces prior $500M facility; accordion feature expanded to $250M.
- Five-year term matures May 2027; prior facility set to expire Oct 2023 terminated.
- Covenants no more restrictive than prior agreement; facility for general corporate purposes and potential acquisitions.
- JPMorgan Chase, Bank of America, and Wells Fargo are joint lead arrangers and bookrunners.