HEICO US$1.2bn senior notes (4.950% 2031 and 5.400% 2036)
Repay borrowings under the existing revolving credit facility
Key terms
- Borrower or issuer
- HEICO
- Date
- 13 Jul 2026
- Type
- Bond
- Amount
- US$1.2bn
- Pricing
- 4.950% (2031) and 5.400% (2036)
- Maturity
- 2036-07-16
- Rating at issue
- BBB+ (index)
Recorded terms
- Structure
- Registered senior notes in two tranches: US$550m 4.950% due 2031 and US$650m 5.400% due 2036; settled 16 July 2026
- Lenders and arrangers
- BofA Securities, PNC Capital Markets, Truist Securities and Wells Fargo Securities, representatives of the underwriters
- Country
- United States
Rating at issue
Rated BBB+ at issue on the index basis (middle of three agencies, lower of two), from the SEC pricing term sheet for the notes.
Ratings*: Baa1 (stable) by Moody’s / BBB+ (stable) by Fitch
Ratings change over time; check the agencies for the current rating.
Parties
- HEICO borrower or issuer
- bookrunner/arranger: BofA Securities, Wells Fargo, PNC, Truist
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 7 Jul 2026 | Babcock International £250m 5.125% bonds due 2031 | Bond | £250m |
| 30 Jul 2026 | Booz Allen Hamilton US$1,200m senior notes (2 tranches) | Bond | US$1.2bn |
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| 28 May 2026 | Rheinmetall €500m senior bond due 2031 | Bond | €500m |
| 14 Sep 2026 | TransDigm US$3.0bn 6.75% senior secured notes due 2035 | Bond | US$3bn |
More from HEICO
| Date | Financing | Type | Amount |
|---|---|---|---|
| 11 Jun 2026 | HEICO US$2.2bn revolving credit facility (2026) | Bank facility | US$2.2bn |
| 19 Jul 2023 | HEICO US$1.2bn senior notes to fund the Wencor acquisition | Bond | US$1.2bn |
| 14 Jul 2023 | HEICO US$2.0bn revolving credit facility upsize (2023) | Bank facility | US$2bn |
Sources
- HEICO Form 8-K: senior notes offering sec.gov · 16 Jul 2026
About this record
Record DEF-2026-0032, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
