On March 31, 2026, Hexcel Corporation announced the execution of a new credit agreement governing a $750 million revolving credit facility, which is set to mature on March 31, 2031. This agreement was established between Hexcel as the borrower and a consortium of lenders led by Bank of America, N.A. as the agent. The company has drawn $300 million from this facility to repay its previous credit obligations and cover associated fees and expenses. The new credit facility is designed to provide Hexcel with enhanced liquidity and flexibility for general corporate purposes, including potential acquisitions and investments. The terms of the facility include interest rates based on the Secured Overnight Financing Rate (SOFR) and a margin that can fluctuate based on Hexcel's credit rating and leverage ratio. The agreement also imposes certain covenants that restrict the incurrence of additional debt and require the maintenance of specific financial ratios. This strategic move is expected to bolster Hexcel's financial position and support its operational strategies moving forward.

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