Public Event Detail
HEICO secures $2.2B credit to fund acquisitions after 110 deals
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Event summary
HEICO Corporation has increased its unsecured revolving credit facility to $2.2 billion, up from $2.0 billion, with the maturity extended to 2031. This expanded facility, which includes an accordion feature allowing it to grow up to $3 billion, will primarily be used to fund acquisitions and general corporate purposes, supporting HEICO's long-standing strategy of over 110 deals since 1996. The interest rate is tied to SOFR plus 75-125 basis points, reflecting the company's investment-grade rating and providing flexible, low-cost capital for continued accretive growth.