Loan & DebtJun 17, 2026, 04:52 PM
HEICO Increases Credit Facility to $2.2B; Extends Maturity to 2031
AI Summary
HEICO Corporation entered into a fourth amendment to its Revolving Credit Agreement, increasing the credit facility from $2.0 billion to $2.2 billion and extending its maturity date to June 11, 2031. The amendment also modified the applicable interest rate calculation and released subsidiary guarantees under both the credit facility and the company's outstanding 5.250% Notes due 2028 and 5.350% Notes due 2031.
Key Highlights
- Revolving credit facility increased from $2.0 billion to $2.2 billion.
- Maturity date of the Credit Agreement extended to June 11, 2031.
- Applicable rate modified based on senior unsecured long-term indebtedness ratings.
- Subsidiary guarantees released from the Credit Facility.
- Subsidiary guarantees also released for 5.250% Notes due 2028 and 5.350% Notes due 2031.
Price Impact
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