Curtiss-Wright Signs $425 Million Credit Facility

ROSELAND, N.J., Aug. 10 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW) has entered into an agreement with a group of eight banks establishing a $425 million credit facility with an accordion feature to expand to $600 million. This credit facility replaces existing lines of credit totaling $400 million. The Company plans to use the credit line for working capital purposes, internal growth initiatives, funding of possible future acquisitions and other general corporate purposes. The agreement has a five year term expiring in 2012. Banc of America Securities, LLC and J.P. Morgan Securities, Inc. served as Joint Lead Arrangers. Bank of America, N.A. is the Administrative Agent and JPMorgan Chase Bank N.A. is the Syndication Agent. The Co-Documentation Agents are SunTrust Bank and Citibank, N.A.

"Over the past five years, Curtiss-Wright has consistently provided investors with strong, profitable growth in revenues, earnings and cash flow while maintaining a solid capital base," said Martin R. Benante, Chairman and CEO of Curtiss-Wright. "The successful completion of this financing supports our strategic vision of continued long-term growth in each of our business segments while maintaining a strong and healthy balance sheet."

ABOUT CURTISS-WRIGHT

Curtiss-Wright Corporation is a diversified company headquartered in Roseland, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services. The firm employs approximately 7,200 people worldwide. More information on Curtiss-Wright can be found at http://curtisswright2014.q4web.com.

This release contains forward-looking statements concerning management's beliefs and expectations related to the future financial stability of the Company, the growth of the Company and the execution of the company's strategic growth plan. Such forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics, and industrial companies. Please refer to the Company's current SEC filings under the Securities and Exchange Act of 1934, as amended, for further information.

This press release and additional information is available at http://curtisswright2014.q4web.com.

SOURCE Curtiss-Wright Corporation
CONTACT:
Alexandra M. Deignan of Curtiss-Wright Corporation
+1-973-597-4734