Curtiss-Wright Corporation (CW) has entered into an agreement with a group of seven banks establishing a $500 million credit facility with an accordion feature to expand to $600 million. This credit facility replaces existing lines of credit totaling $425 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 2017.

Merrill Lynch, Pierce, Fenner & Smith, Inc., J.P. Morgan Securities, LLC, and Wells Fargo Securities, LLC ...