Woodward, Inc. entered into a Note Purchase Agreement on August 19, 2026, to sell $450 million in aggregate principal amount of senior unsecured notes via private placement. The issuance consists of three tranches: $150 million of Series U Notes maturing September 30, 2029, at a base interest rate of 5.34%; $150 million of Series V Notes maturing September 30, 2030, at 5.39%; and $150 million of Series W Notes maturing September 30, 2033, at 5.64%. Interest is payable semi-annually on March 23 and September 30, commencing March 30, 2027. Rates step up to approximately 6.1%–6.4% if the debt-to-EBITDA leverage ratio exceeds 3.5 to 1.0 for a fiscal quarter. Closing is scheduled for September 30, 2026, with obligations guaranteed by wholly owned subsidiaries MPC Products Corporation and Woodward HRT, Inc. The company operates in the aerospace and energy industries, providing precision control solutions.
