HEICO Corporation reports 25% increase in credit facility

HEICO Corporation have increased its revolving credit facility to US$1bn, which is a US$200m, or 25%, increase to the Facility’s previous, US$800m limit. This Facility’s term expires in December 2018 and there are no maturities under the Facility until then. HEICO has used the Facility, which is available for general corporate purposes, principally to make acquisitions. Since 1996, the Company has completed approximately 60 acquisitions and remains committed to disciplined capital allocation. The Company expects to soon close its previously announced pending acquisition of Air Cost Control. Further, the Company continues to review numerous acquisition candidates and to seek additional acquisitions.