On May 17, 2022, Curtiss-Wright Corporation entered into a new revolving Credit Agreement (the Agreement"), among the Company, and Certain Subsidiaries of the Company, as Borrowers; the Lenders party thereto; J.P. Morgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer; J.P. Morgan Chase Bank, N.A., BOFA Securities Inc., and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Bookrunners; Bank of America, N.A. and Wells Fargo Bank, National Association, as Syndication Agents; and Citizens Bank, N.A., as Documentation Agent. The Agreement replaces the Company's $500 million five-year credit facility under a Credit Agreement dated October 17, 2018. The Agreement increases the size of the revolving credit facility to $750 million and expands the accordion feature to $250 million.

The Agreement has a five-year term set to mature in May 2027. The prior credit facility, which was set to expire in October 2023, has been terminated. The Agreement provides for similar financial and debt covenants that are no more restrictive than those in the prior Credit Agreement.

The Company plans to use the credit facility for general corporate purposes, which may include the funding of possible future acquisitions or supporting internal growth initiatives.