By Marisa Wong
Los Angeles, Aug. 1 – Curtiss-Wright Corp. priced a private placement debt offering of $300 million senior notes, consisting of $200 million 4.49% notes due 2032 and $100 million 4.64% notes due 2034, according to a press release.
Curtiss-Wright expects to use the proceeds from the offering for general corporate purposes, which may include reducing outstanding debt under its revolving credit facilities, possible future acquisitions or funding internal growth initiatives.
The offering is expected to close in the fourth quarter, subject to customary closing conditions.
Based in Davidson, N.C., Curtiss-Wright provides highly engineered products, solutions and services mainly to aerospace and defense markets, as well as critical technologies in commercial power, process and industrial markets.
Issuer: | Curtiss-Wright Corp.
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Amount: | $300 million
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Issue: | Senior notes
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Announcement date: | Aug. 1
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Closing date: | Fourth quarter
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Distribution: | Private placement
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2032 notes
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Amount: | $200 million
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Maturity: | 2032
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Coupon: | 4.49%
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2034 notes
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Amount: | $100 million
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Maturity: | 2034
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Coupon: | 4.64%
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