8-KMaterial AgreementsExhibits & Filings

CURTISS WRIGHT CORP 8-K Report, Material Agreement (Jun 18, 2015)

Filed June 18, 2015For Securities:CW

Summary

Curtiss-Wright Corporation (CW) filed an 8-K on June 18, 2015, to report a material definitive agreement. Specifically, the Company entered into a Third Amendment to its Third Amended and Restated Credit Agreement on June 16, 2015. This amendment primarily revises the definition of 'Change of Control' within the existing credit facility. While the specific details of the revised 'Change of Control' definition are not provided in this filing's text, this amendment is significant for investors as it could impact the terms and conditions of the company's debt obligations. Changes to a 'Change of Control' clause can affect triggers for debt repayment, potential impact on future acquisitions or mergers, and overall financial flexibility. Investors should refer to Exhibit 10.1 for the precise terms of this amendment to understand its full implications.

Key Highlights

  • 1Curtiss-Wright entered into a Third Amendment to its Credit Agreement on June 16, 2015.
  • 2The amendment specifically modifies the definition of 'Change of Control'.
  • 3The Credit Agreement involves multiple financial institutions, including Bank of America N.A. as Administrative Agent.
  • 4The amendment impacts the terms of the company's existing debt facility.
  • 5This filing is classified under Item 1.01 (Entry into a Material Definitive Agreement) and Item 9.01 (Financial Statements and Exhibits).
  • 6Exhibit 10.1 contains the full text of the Third Amendment to the Credit Agreement.

Frequently Asked Questions

The main purpose of this 8-K filing is to report that Curtiss-Wright Corporation has entered into a material definitive agreement, specifically a Third Amendment to its Third Amended and Restated Credit Agreement.

The Third Amendment primarily amends the definition of 'Change of Control' as it is defined within the existing Credit Agreement.

The 'Change of Control' definition is crucial for investors as it outlines specific events (like a merger, acquisition, or significant ownership change) that can trigger certain actions under the credit agreement, such as the acceleration of debt repayment or renegotiation of terms. Modifying this definition can alter the company's financial flexibility and potential outcomes in future strategic transactions.

The full details of the Third Amendment to the Third Amended and Restated Credit Agreement are available in Exhibit 10.1, which is attached to this 8-K filing.