MOOG INC. 8-K

What Happened

• Moog Inc. announced on March 24, 2026 that it completed the issuance of $500 million aggregate principal amount of 5.500% senior notes due October 15, 2034 (the “Notes”), issued under an indenture with Truist Bank as trustee. Interest is payable semiannually on April 15 and October 15, beginning October 15, 2026.
• The Company also issued a conditional notice on March 4, 2026 to redeem in full its $500 million aggregate principal amount of 4.250% senior notes due 2027 (the “2027 Notes”); the redemption condition was satisfied when the new Notes were issued, and the Redemption is expected to occur on April 3, 2026. The estimated accrued interest to be paid on the 2027 Notes to the redemption date is approximately $6.4 million.

Key Details

• Amount issued: $500,000,000; Coupon: 5.500% per year; Maturity: October 15, 2034.
• Interest dates: April 15 and October 15, first payment October 15, 2026.
• Redemption features: Company may redeem some/all Notes prior to April 15, 2029 at a make-whole price; may redeem up to 40% before April 15, 2029 using certain equity offering proceeds at 105.500%; specified premiums apply on redemptions after April 15, 2029, declining to par on/after April 15, 2031.
• Covenants: Indenture limits ability to create liens, enter certain sale-leasebacks, or merge/sell substantially all assets; contains a change-of-control plus ratings-downgrade repurchase requirement at 101% of principal, and events of default that can accelerate obligations.

Why It Matters

• This issuance creates a long-term fixed-rate obligation and simultaneously enables Moog to retire its $500M 2027 notes, shifting near-term maturities further into the future (2034). Because the new notes carry a higher coupon than the 2027 notes (5.50% vs. 4.25%), annual cash interest on $500M rises by about $6.25M (before taxes and fees).
• The indenture’s covenants and redemption terms affect the company’s financing flexibility and potential future refinancing costs. For investors, the transaction changes Moog’s debt maturity profile and interest expense outlook; the full indenture is filed as Exhibit 4.1 for more legal detail.