Hexcel Corporation entered into a new $750 million revolving credit facility (the Revolver) on March 31, 2026, which matures on March 31, 2031. The company borrowed $300 million under the new Credit Agreement to repay all amounts and terminate all commitments outstanding under its existing credit agreement, which was scheduled to expire on April 25, 2028. No early termination penalties were incurred by Hexcel as a result of terminating the previous credit facility. Borrowings under the Revolver will bear interest, at Hexcel's option, at either an Adjusted Term SOFR rate (subject to a 0.00% floor) plus an Applicable Margin, or a base rate plus an Applicable Margin. The initial Applicable Margin is 1.125% for SOFR rate borrowings and 0.125% for base rate borrowings, subject to fluctuation based on Hexcel's public debt rating and consolidated leverage ratio after March 31, 2026. Revolving loans are available for general corporate purposes, including acquisitions, investments, and repayments of indebtedness. Up to $50 million of the Revolver may be used for letters of credit. The Credit Agreement enables Hexcel to add term loans or increase the revolving credit commitment in an aggregate amount not to exceed $500 million. Customary covenants include maintaining a minimum interest coverage ratio and a maximum consolidated net leverage ratio.