Public Event Detail
HEICO Corporation Increases Credit Facility to $2.2 Billion
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Event summary
HEICO Corporation has increased its existing unsecured revolving credit facility to $2.2 billion, a $200 million increase from its previous limit, and extended its maturity to 2031. This record-size facility, which includes an accordion feature allowing it to be increased to $3 billion, will primarily fund acquisitions and general business purposes. The company's Co-Chairmen and Co-Chief Executive Officers highlighted that this expansion provides significant flexibility for growth, while the CFO noted it reflects HEICO's financial strength and commitment to disciplined, accretive growth.