secwatch.observer — SEC 8-K summary
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Issuer:     Woodward, Inc. (WWD)
CIK:        0000108312
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001564590-22-035455
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Woodward enters $1B amended credit facility, extends maturity to 2027, removes certain covenants
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- Revolving loan commitment of $1,000,000,000; maturity extended to October 2027.
- Removed covenants restricting investments, acquisitions, dividends, and distributions.
- Interest rate at adjusted term SOFR plus 0.875%-1.75%, payable quarterly.
- Minimum consolidated net worth covenant removed subject to note purchase agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108312/000156459022035455/0001564590-22-035455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108312/000156459022035455/wwd-8k_20221021.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-035455

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