8-KCurrent report
Material agreement
✓ VerifiedHexcel refinanced its $750 million revolver with a new credit agreement maturing March 31, 2031, borrowing $300 million at closing to retire the prior facility.
1.02 Agreement termination2.03 New financial obligation
Filed Apr 1, 2026 · 09:03 ET
Summary
- The new credit agreement, dated March 31, 2026 with Bank of America as agent, governs the $750 million revolving facility.
- Hexcel borrowed $300 million at closing to repay and terminate the prior Citizens Bank facility.
- The initial applicable margin is 1.125% for SOFR borrowings; up to $50 million is available for letters of credit and commitments can grow by up to $500 million.
Key facts
- Facility
- $750 million to 2031
From the filing for Facility
“governing its $750 million revolving credit facility (the "Revolver"), which matures on March 31, 2031”
Why it mattersThe revolver reset opened the window for April's bond refinancing that cleared the 2027 maturity.
- Filed
- Apr 1, 2026
- Accepted
- 2026-04-01 13:03Z
- Period
- Mar 31, 2026
- Accession no.
- 0001140361-26-012536
- Size
- 1.1 MB
- Index
- Filing index