secwatch.observer — SEC 8-K summary
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Issuer:     CURTISS WRIGHT CORP (CW)
CIK:        0000026324
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0000026324-22-000034
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26324/000002632422000034/0000026324-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26324/000002632422000034/cw-20221216.htm
  HTML page:      https://secwatch.observer/filing/0000026324-22-000034

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