debt
confidence high
sentiment neutral
materiality 0.50
Curtiss-Wright enters new $1B revolving credit facility, replacing $750M facility
CURTISS WRIGHT CORP
- New $1 billion revolving credit facility (up from $750M) with five-year term maturing May 2031.
- Accordion feature increased to $500M for incremental term loans or additional revolving commitments.
- Prior $750M facility terminated without early termination penalties; would have matured May 2027.
- Credit facility to be used for general corporate purposes, including acquisitions and internal growth.
- Financial covenants are no more restrictive than the prior agreement; rates based on leverage ratio.
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