Astronics announces new five-year $60 million credit facility

Astronics Corporation has entered into a five-year $60 million committed revolving credit facility, which will replace its existing $25 million facility. The Company entered into the new credit facility with HSBC Bank USA, National Association, the lead bank, and Bank of America, N.A. and KeyBank as participating lenders. The expanded credit facility is committed through May 13, 2013, with interest at LIBOR plus between 75 and 150 basis points or bank prime minus between 25 and 0 basis points and will be available for general corporate purposes, working capital, letters of credit and acquisition opportunities.