debt
confidence high
sentiment neutral
materiality 0.50
Woodward issues $450M senior notes in three tranches due 2029-2033
Woodward, Inc.
- Aggregate $450M senior unsecured notes: $150M each Series U (2029), V (2030), W (2033).
- Rates: 5.34% (2029), 5.39% (2030), 5.64% (2033); step-up to +0.75% if leverage >3.5x.
- Closing scheduled Sept 30, 2026; interest semi-annual starting Mar 30, 2027.
- Guaranteed by subsidiaries MPC Products and Woodward HRT; customary covenants and events of default.