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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Agents Woodward Revolver Increase to $1B
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Lenders/Participants
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JPMorgan Chase Bank [Co-Syndication Agent]
Bank of America [Co-Syndication Agent]
U.S. Bank [Co-Syndication Agent, Joint Lead Arranger, Joint Bookrunner]
The Bank of Tokyo-Mitsubishi UFJ [Documentation Agent]
Branch Banking & Trust Co. [Co-Syndication Agent]
Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
JP Morgan Securities [Joint Lead Arranger, Joint Bookrunner]
Wells Fargo Bank [Administrative Agent]
Merrill Lynch [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Facility Amemdment/Increase
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Amount
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$1.000
Billion
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Borrower(s)
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Woodward, Inc.
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Description
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Aamendments were made to the Company’s existing revolving Credit Agreement, dated as of July 10, 2013 (the “Credit Agreement” and, together with the Amendment, the “Amended Credit Agreement”). Effective as of April 28, 2015, the Amendment, among other things, increases the aggregate revolving loan commitment of all the lenders from $600,000,000 to $1,000,000,000. Amounts outstanding under the Amended Credit Agreement generally bear interest at LIBOR (or, for loans denominated in Canadian dollars, CDOR) plus 0.85% to 1.65%, which is due quarterly in arrears. The Amended Credit Agreement contains customary representations and warranties, affirmative and negative covenants, including financial covenants regarding maximum leverage ratio and minimum consolidated net worth, and events of default. The Amended Credit Agreement also includes customary conditions precedent to the making of advances and the issuance of letters of credit. Upon the occurrence of a Default (as defined in the Amended Credit Agreement,), all amounts outstanding under the Amended Credit Agreement, including principal, accrued interest, and any other fees may, and in the case of certain bankruptcy-related Defaults will, be accelerated and become immediately due and payable.
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Location
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CO
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| Related Tags |
Bank of America, Branch Banking and Trust Co., JP Morgan Securities, JPMorgan Chase, Merrill Lynch, The Bank of Tokyo-Mitsubishi, U.S. Bank, Wells Fargo Bank, Wells Fargo Securities
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ABL Advisor
Deal Tables
2025
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