NYSE:MOG.AAerospace & Defense
What Moog (MOG.A)'s US$500 Million Senior Notes Offering Means For Shareholders
Moog Inc. recently completed the issuance of US$500 million of 5.500% senior notes due 2034, carrying semiannual interest payments and flexible redemption features starting in 2029 under a new indenture with Truist Bank as trustee.
The new senior notes come with covenants on liens, sale-leasebacks, and major corporate transactions, shaping how Moog can use leverage and respond to any future change of control paired with a ratings downgrade.
We’ll now examine how this US$500 million senior...