Curtiss-Wright US$500m revolving credit facility (2018)
Working capital, capital expenditure, acquisitions and general corporate purposes
Key terms
- Borrower or issuer
- Curtiss-Wright
- Date
- 17 Oct 2018
- Type
- Bank facility
- Amount
- US$500m
- Maturity
- 2023-10
Recorded terms
- Structure
- Five-year revolving facility under a Fourth Amended and Restated Credit Agreement, refinancing the 2012 agreement
- Lenders and arrangers
- Bank of America, N.A. administrative agent; Merrill Lynch, Pierce, Fenner & Smith, JPMorgan Chase Bank and Wells Fargo Securities joint lead arrangers and bookrunners; JPMorgan Chase Bank and Wells Fargo Bank syndication agents; Citizens Bank documentation agent
- Country
- United States
Parties
- Curtiss-Wright borrower or issuer
- Lenders: BofA Securities, Bank of America, J.P. Morgan, Wells Fargo, Citizens
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
| 17 Aug 2018 | Northrop Grumman US$2bn revolving credit facility (2018) | Bank facility | US$2bn |
| 23 Jul 2018 | Booz Allen Hamilton US$1.98bn term loan A and revolver refinancing (2018) | Bank facility | US$1.98bn |
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
More from Curtiss-Wright
| Date | Financing | Type | Amount |
|---|---|---|---|
| 19 May 2026 | Curtiss-Wright US$1bn revolving credit facility (2026) | Bank facility | US$1bn |
| 27 Oct 2022 | Curtiss-Wright US$300m senior notes private placement (2032 and 2034) | Bond | US$300m |
| 17 May 2022 | Curtiss-Wright US$750m revolving credit facility (2022) | Bank facility | US$750m |
| 19 Aug 2020 | Curtiss-Wright US$300m senior notes private placement (2030 and 2032) | Bond | US$300m |
Sources
- Curtiss-Wright credit agreement filed with the SEC (Exhibit 10.1) sec.gov · 19 Oct 2018
- Curtiss-Wright Form 8-K (2022): the 2018 facility was US$500m sec.gov · 18 May 2022
About this record
Record DEF-2018-0014, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
