Woodward Secures $450M via Private Placement of Senior Notes
WWD sits 48% above its 52-week low of $233.31 on light trading volume (0.2× avg).
Summary
Woodward, Inc. has agreed to sell $450 million of senior unsecured notes in a private placement, with closing expected September 30, 2026.
Key Events · Financing and Capital Events · WWD
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$450M Note Purchase Agreement
On August 19, 2026, Woodward entered into a Note Purchase Agreement to sell $450 million of senior unsecured notes in three series: $150M Series U due 2029, $150M Series V due 2030, and $150M Series W due 2033.
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Interest Rates and Step-Ups
The notes carry fixed rates of 5.34%, 5.39%, and 5.64%, respectively, with step-ups to 6.09%, 6.14%, and 6.39% if the debt-to-EBITDA leverage ratio exceeds 3.5x.
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Closing Scheduled September 30, 2026
The sale is expected to close on September 30, 2026, subject to customary conditions.
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Subsidiary Guarantees
MPC Products Corporation and Woodward HRT, Inc., both wholly-owned subsidiaries, will guarantee the notes.
Analysis · WWD · Manufacturing
A $450 million private placement of senior unsecured notes has been arranged by Woodward, spanning three maturities (2029, 2030, 2033) with interest rates ranging from 5.34% to 5.64%. Two wholly-owned subsidiaries guarantee the notes, which carry customary covenants including a maximum leverage ratio of 3.5x. The financing bolsters liquidity and extends debt maturities, though it adds interest expense and leverage constraints. Closing is scheduled for September 30, 2026.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WWD was trading at $344.78 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $20.4B. The 52-week trading range was $233.31 to $450.92. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.