Research Reports

Key takeaways

Redeemed $500 million 4.250% Senior Notes due 2027 in full on April 3, 2026, at 100.000% of principal plus accrued interest.

Satisfied and discharged the 2019 indenture with U.S Bank Trust Company, National Association as trustee.

Funded redemption with net proceeds from $500 million 5.500% Senior Notes due 2034 offering and cash on hand.

Refinanced lower-rate 2027 notes with higher-rate 2034 notes, extending debt maturity.

Terminated material definitive agreement governing the redeemed notes.

Full analysis

Moog Inc. executed a full redemption of its outstanding $500 million 4.250% Senior Notes due 2027 effective April 3, 2026, paying exactly par value plus accrued interest up to but not including the redemption date. This action satisfied and discharged the indenture dated December 13, 2019, with U.S. Bank Trust Company, National Association as trustee and involved guarantors. The company sourced funding from net proceeds of its previously announced $500 million 5.500% Senior Notes due 2034 issuance combined with available cash on hand. For investors, this refinancing replaces shorter-term debt maturing in 2027 with longer-term obligations due 2034 at a higher coupon rate of 5.500%, potentially stabilizing near-term liquidity while increasing interest expense and extending maturity profile.

MOG-B · Moog Inc.

Summary

Key takeaways

Full analysis