secwatch.observer — SEC 8-K summary
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Issuer:     Woodward, Inc. (WWD)
CIK:        0000108312
Form:       8-K
Filed at:   2026-05-28T20:35:18+00:00
Accession:  0001193125-26-245352
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Woodward enters $1B revolver and $250M term loan, extends maturity to 2031
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- Third Amended and Restated Credit Agreement provides $1B revolving commitments, matures May 28, 2031 (extended from Oct 2027).
- Borrowed $413M under revolver to repay existing debt and fees; $250M term loan fully drawn for working capital and corporate purposes.
- Interest rates at adjusted term SOFR plus 0.875% to 1.75%, quarterly in arrears.
- Revolving facility includes customary covenants including maximum leverage ratio.
- New term loan matures same date (May 28, 2031).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108312/000119312526245352/0001193125-26-245352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108312/000119312526245352/wwd-20260527.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-245352

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