Woodward Amends and Extends Revolving Credit Facility

Woodward, Inc. 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.