HEICO US$2.0bn revolving credit facility upsize (2023)
General corporate purposes, ahead of the Wencor acquisition; extend maturity
Key terms
- Borrower or issuer
- HEICO
- Date
- 14 Jul 2023
- Type
- Bank facility
- Amount
- US$2bn
- Maturity
- 2028-07-14
Recorded terms
- Structure
- Third amendment to the revolving credit agreement: commitments increased from US$1.5bn to US$2.0bn
- Lenders and arrangers
- Truist Bank, administrative agent
- Country
- United States
Parties
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Oct 2023 | RTX US$10bn bridge loan facilities for the accelerated share repurchase | Bank facility | US$10bn |
| 10 Mar 2023 | Leidos US$2.0bn unsecured term loan and revolver (2023) | Bank facility | US$2bn |
| 28 Feb 2023 | V2X US$750m term loan A and revolving credit facility | Bank facility | US$750m |
| 19 Jan 2024 | KBR US$1.0bn term loan B (2024) | Bank facility | US$1bn |
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
More from HEICO
| Date | Financing | Type | Amount |
|---|---|---|---|
| 13 Jul 2026 | HEICO US$1.2bn senior notes (4.950% 2031 and 5.400% 2036) | Bond | US$1.2bn |
| 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$1.2bn |
Sources
- HEICO Form 8-K: third amendment to revolving credit agreement sec.gov · 17 Jul 2023
About this record
Record DEF-2023-0024, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
