HEICO Corporation Increases Credit Facility to $2.2 Billion
HEICO Corporation increased its unsecured revolving credit facility by $200 million to a total of $2.2 billion, with a maturity extension to 2031. The facility includes an accordion feature allowing expansion to $3 billion and carries interest at SOFR plus 75-125 basis points, reflecting the company's investment-grade rating.
Key figures
- Maturity year
- 2031
- Accordion capacity
- 3000000000
- Interest margin bps
- 75-125
- Credit facility limit
- 2200000000
- Credit facility increase
- 200000000
- Previous credit facility limit
- 2000000000
AI analysis
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