Woodward Executes New Revolving Credit Facility
FORT COLLINS, CO -- (Marketwired) -- 07/10/13 -- Woodward, Inc.
(NASDAQ: WWD) today announced that it entered into a new revolving
credit agreement which replaces the previous revolving credit
facility, and has an increased size and extended maturity compared to
the previous facility. The new facility matures in five years, on
July 10, 2018. The borrowing capacity has been increased from $400
million to $600 million. The facility also includes a $200 million
accordion feature allowing the company, with participating lenders'
agreement, to increase the company's revolving credit borrowing
capacity to up to $800 million.
About Woodward, Inc.
Woodward is an independent designer, manufacturer, and service
provider of control solutions for the aerospace and energy markets.
Our aerospace systems and components optimize the performance of
fixed wing and rotorcraft platforms on commercial, business and
military aircraft, ground vehicles and other equipment. Our
energy-related systems and components enhance the performance of
industrial gas and steam turbines, reciprocating engines,
compressors, wind turbines, electrical grids and other energy-related
industrial equipment. The company's innovative fluid energy,
combustion control, electrical energy, and motion control systems
help customers offer cleaner, more reliable and more efficient
equipment. Our customers include leading original equipment
manufacturers and end users of their products. Woodward is
headquartered in Fort Collins, Colorado, USA. Visit our website at
www.woodward.com, and connect with us at
The statements in this release concerning the company's future sales,
earnings, business performance, prospects, and the economy in general
reflect current expectations and are forward-looking statements that
involve risks and uncertainties. Actual results could differ
materially from projections or any other forward-looking statement
and we have no obligation to update our forward-looking statements.
Factors that could affect performance and could cause actual results
to differ materially from projections and forward-looking statements
are described in Woodward's Annual Report on Form 10-K for the year
ended September 30, 2012 and any subsequently filed Quarterly Report
on Form 10-Q.
Director, Investor Relations and Treasury
1000 East Drake Road
Fort Collins, Colorado 80525, USA
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