DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that it has priced a private placement debt offering of $300 million for senior notes, consisting of $150 million 3.10% notes due 2030 and $150 million 3.20% notes due 2032.

"We are very pleased with the tremendous response we received for this debt offering to bolster our strong and healthy balance sheet and also take advantage of historically low interest rates,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “This financing will provide Curtiss-Wright with greater flexibility to execute on our balanced capital allocation strategy that consists of reinvesting in our business, supplementing our organic growth with strategic acquisitions, and returning capital to shareholders. Together with our strong free cash flow generation, Curtiss-Wright remains well positioned for future growth.”

Curtiss-Wright expects to use the net proceeds from the offering for general corporate purposes, which may include reducing outstanding indebtedness under the Company's revolving credit facilities, possible future acquisitions or funding internal growth initiatives. The offering is expected to close on August 13, 2020, subject to customary closing conditions.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 9,100 people worldwide. For more information, visit www.curtisswright.com.