Curtiss-Wright amends debt covenants to allow more leverage for acquisitions, adds interest coverage test

CURTISS WRIGHT CORP

Amended three note purchase agreements (2011, 2013, 2020) to allow debt-to-capitalization up to 0.65 for four quarters after acquisitions ≥$100M.
Removed minimum consolidated net worth covenant; added minimum 3.00x consolidated interest coverage ratio.
Released former subsidiaries (Tapco, Benshaw, Cimarron) from subsidiary guarantee obligations.
Waived Event of Default for failure to add Williams Controls Industries as guarantor; company must cure immediately.

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