Moog to use proceeds from $50 million note offering proceeds for loan paydown

By Kimberly N. Alleyne

Stroudsburg, Pa., Sept. 7 - Moog Inc. announced Wednesday it will use proceeds from an offering of $50 million of 6¼% senior subordinated notes due 2015 to repay debt under its bank credit facility.

These notes are an add-on to Moog's existing $150 million 6¼% senior subordinated notes due 2015.

Moog is an East Aurora, N.Y., designer, manufacturer and integrator of precision control components and systems.

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