Curtiss-Wright US$750m revolving credit facility (2022)
General corporate purposes, including possible acquisitions
Key terms
- Borrower or issuer
- Curtiss-Wright
- Date
- 17 May 2022
- Type
- Bank facility
- Amount
- US$750m
- Maturity
- 2027-05
Recorded terms
- Structure
- Five-year revolving credit facility with a US$250m accordion, replacing the 2018 US$500m facility
- Lenders and arrangers
- JPMorgan Chase Bank, N.A. administrative agent; J.P. Morgan Chase Bank, BofA Securities and Wells Fargo Securities joint lead arrangers and bookrunners; Bank of America and Wells Fargo Bank syndication agents; Citizens Bank documentation agent
- Country
- United States
Parties
- Curtiss-Wright borrower or issuer
- Lenders: BofA Securities, J.P. Morgan, Wells Fargo, Citizens
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 22 Mar 2022 | Kongsberg NOK 2.5bn revolving credit facility (2022) | Bank facility | NOK 2.5bn |
| 29 Jul 2022 | L3Harris US$2bn five-year revolving credit facility (2022) | Bank facility | US$2bn |
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 18 Feb 2022 | Kratos US$400m secured credit facility | 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 |
| 19 Aug 2020 | Curtiss-Wright US$300m senior notes private placement (2030 and 2032) | Bond | US$300m |
| 17 Oct 2018 | Curtiss-Wright US$500m revolving credit facility (2018) | Bank facility | US$500m |
Sources
- Curtiss-Wright Form 8-K: new revolving credit agreement sec.gov · 18 May 2022
About this record
Record DEF-2022-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
