MRO Magazine

Hexcel Amends and Extends Senior Credit Facility


June 9, 2016
By Business Wire News

STAMFORD, Conn.

Hexcel Corporation (NYSE:HXL) (Paris:HXL) today announced the successful amendment and extension of its $700 million senior unsecured revolving credit facility (the Facility). The maturity of the Facility has been extended from September 2019 to June 2021. The amendment provides for a modest reduction in interest costs, as well as less restrictive covenants. As a result of the refinancing, Hexcel will accelerate certain unamortized financing costs of the credit facility being replaced incurring a pretax charge of $0.4 million in the second quarter of 2016.

Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications such as wind turbine blades.

Hexcel Corporation
Michael Bacal, 203-352-6826
michael.bacal@hexcel.com