Moog extends maturity of $1.1 billion revolving facility to 2027

By Wendy Van Sickle

Columbus, Ohio, Nov. 1 – Moog Inc. extended the maturity date of its $1.1 billion revolving credit facility to Oct. 27, 2027, according to an 8-K filing with the Securities and Exchange Commission.

The maturity date was previously Oct. 15, 2024. The change was made under a sixth amended and restated loan agreement with HSBC Bank USA, NA as administrative agent.

Borrowings bear interest at term SOFR or Sonia plus 100 basis points to 200 bps, and the commitment fee ranges from 15 bps to 30 bps, based on leverage ratio.

HSBC, Manufacturers and Traders Trust Co., Bank of America, NA and JPMorgan Chase Bank, NA are the joint bookrunners and are joined as lead arrangers by Citizens Bank, NA, Wells Fargo Bank, NA and Truist Securities, Inc.

Manufacturers and Traders, (lead) Bank of America, JPMorgan, Citizens, Wells Fargo and Truist Bank are syndication agents.

PNC Bank, NA, Sumitomo Mitsui Banking Corp. and Santander Bank, NA are co-documentation agents.

Proceeds may be used for ongoing working capital and business requirements.

Moog is an East Aurora, N.Y.-based designer, manufacturer and integrator of precision control components and systems.

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