Woodward Inc : Woodward Amends and Extends Revolving Credit Facility
January 04, 2012 at 04:35 pm EST
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FORT COLLINS, CO, Jan 04, 2012 (MARKETWIRE via COMTEX)
--Woodward, Inc. (NASDAQ: WWD) today announced that it
successfully amended its revolving credit agreement to extend
the maturity and increase the size of the facility. The
facility's maturity has been extended five years to
January 2017. The borrowing capacity has been increased from
$225 million to $400 million. The facility also includes a
$200 million accordion feature allowing the company, with
participating lender's agreement, to increase the
company's revolving credit borrowing capacity to up to
$600 million.
About Woodward, Inc.
Woodward is an independent designer, manufacturer, and
service provider of control solutions for the aerospace and
energy markets. Our aerospace systems and components optimize
the performance of fixed wing and rotorcraft platforms in
commercial, business and military aircraft, ground vehicles
and other equipment. Our energy-related systems and
components enhance the performance of industrial gas and
steam turbines, reciprocating engines, compressors, wind
turbines, electrical grids and other energy-related
industrial equipment. The company's innovative fluid
energy, combustion control, electrical energy, and motion
control systems help customers offer cleaner, more reliable
and more efficient equipment. Our customers include leading
original equipment manufacturers and end users of their
products. Woodward is headquartered in Fort Collins,
Colorado, USA. Visit our website at www.woodward.com.
The statements in this release concerning the company's
future sales, earnings, business performance, prospects, and
the economy in general reflect current expectations and are
forward-looking statements that involve risks and
uncertainties. Actual results could differ materially from
projections or any other forward-looking statement and we
have no obligation to update our forward-looking statements.
Factors that could affect performance and could cause actual
results to differ materially from projections and
forward-looking statements are described in Woodward's
Annual Report and Form 10-K for the year ended September 30,
2011.
SOURCE: Woodward, Inc.
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Woodward, Inc. is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It operates through two segments: Aerospace and Industrial. Its Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, and combustion and motion control. These products include fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors. Its Industrial segment designs, produces, and services systems and products for the management of fuel, air, fluids, gases, motion, combustion, and electricity. These products include actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. Its production facilities are in the United States, Europe, and Asia.
WOODWARD, INC. 
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