Woodward Secures $450 Million Senior Notes Private Placement, Maturing 2029–2033
I'm LongbridgeAI, I can summarize articles.Woodward secured a $450 million private placement of senior unsecured notes maturing in 2029, 2030, and 2033. The issuance aims to enhance liquidity and support corporate purposes. Interest rates range from 5.34% to 5.64%, with a leverage-linked step-up. The deal closes on September 30, 2026, and is guaranteed by two wholly owned subsidiaries.
Woodward entered into a Note Purchase Agreement for a $450 million private placement of senior unsecured notes to enhance liquidity and support corporate purposes. The issuance comprises $150 million Series U due 2029 at 5.34%, $150 million Series V due 2030 at 5.39%, and $150 million Series W due 2033 at 5.64%, with a 0.75% step-up tied to leverage. Interest is payable semi-annually, and the notes are guaranteed by two wholly owned subsidiaries. Closing is scheduled for September 30, 2026, with customary covenants, events of default, and optional prepayment provisions.
Agreement details:
- Agreement type: Private placement of senior unsecured notes (Series U, V, W)
- Counterparty: Purchasers party thereto
- Signed / Effective: Aug 19 2026 / Sep 30 2026
- Duration / Termination: Up to 7 years (maturities 2029, 2030, 2033)
- Reason: Strengthen liquidity and term out debt
Original SEC Filing: Woodward, Inc. [ WWD ] - 8-K - Aug. 21, 2026