Hexcel signs $750 million revolving credit facility, borrows $300 million to refinance
Hexcel entered into a new credit agreement on March 31, 2026, governing a $750 million revolving credit facility maturing March 31, 2031. It borrowed $300 million under the new facility to repay and terminate its existing credit facility, which was scheduled to expire April 25, 2028, and the company reported no early termination penalties.
Key points
- New $750 million revolver matures March 31, 2031, with Bank of America, N.A. as agent
- $300 million drawn on March 31, 2026 to repay the terminated facility and pay refinancing fees and expenses
- Initial margin of 1.125% for SOFR borrowings and 0.125% for base rate borrowings, subject to later adjustment
- Agreement includes minimum interest coverage and maximum net leverage covenants; violations could trigger default
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.