Woodward agrees to $450 million senior unsecured note sale, closing set for Sept. 30
On August 19, 2026, Woodward agreed to sell $450 million of senior unsecured notes in three $150 million series, due in 2029, 2030 and 2033, in private placements. The closing is scheduled for September 30, 2026, and the notes add new debt that shareholders should weigh against the company's leverage covenants and interest costs.
Key points
- Series U notes ($150 million) due September 30, 2029 at 5.34%; Series V ($150 million) due September 30, 2030 at 5.39%; Series W ($150 million) due September 30, 2033 at 5.64%
- Rates rise by 0.75 percentage points (to 6.09%, 6.14% and 6.39%) for any fiscal quarter after one ending with debt to EBITDA above 3.5 to 1.0
- Closing scheduled for September 30, 2026; interest paid semi-annually starting March 30, 2027
- Obligations guaranteed by wholly owned subsidiaries MPC Products Corporation and Woodward HRT, Inc.
The filing
Written by AI on Nov 8, 2026, 12:42 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 August 21, 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.