HEICO Corporation reported that it increased its $670m revolving credit facility (the “Facility”) to an aggregate potential future capacity of $1Bbn and that it also extended the facility by an additional year until December 2018. Under the amendment, $800m of the Facility is now fully committed for funding and an additional $200m has been committed subject to future consent of the lenders. Originally entered into in 2011, the Facility previously allowed borrowings of up to $670m and was set to expire in 2016. Based on HEICO’s credit characteristics, the bank group has now twice extended the Facility’s expiration to allow for expiration in five years from now. Further, certain other amendments were made to provide additional financial flexibility.
Learn more on how AviTrader can expand your market
Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada