debt
confidence high
sentiment neutral
materiality 0.60
Moog issues $500M 5.500% notes due 2034, redeems $500M 4.250% notes due 2027
MOOG INC.
- Issued $500M in 5.500% senior notes due October 15, 2034; interest payable semiannually.
- Redeemed $500M of outstanding 4.250% Senior Notes due 2027 with redemption on April 3, 2026.
- Conditional redemption notice satisfied upon completion of new note issuance.
- New notes have make-whole premium before April 15, 2029 and change-of-control put at 101%.
- Proceeds used to pay redemption price ($500M plus ~$6.4M accrued interest) and fees.