---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-22-000038"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:47:28.863421+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Astronics Amends Credit Facility, Increases Borrowing Capacity to $180M and Obtains Waiver of Defaults

## Summary
- The amendment temporarily increases the maximum revolving credit line from $170M to $180M until November 21, 2022, then returns to $170M.
- Lenders waived defaults related to Astronics' failure to comply with maximum leverage ratio and minimum liquidity covenants as of September 30, 2022.
- New covenants require maximum leverage ratio of 3.75x starting Q4 2022 and minimum liquidity of $15M by Nov 21, $35M by Nov 30, 2022.
- Interest rates increased to SOFR (floor 1%) plus 4.5% for SOFR loans, and a consent fee of 5 basis points was paid to each lender.
- Astronics must retain a financial consultant and provide daily liquidity reports to the agent.

## SEC filing metadata
- accession: 0000008063-22-000038
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2022-10-24T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8063/000000806322000038/0000008063-22-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806322000038/atro-20221021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-22-000038
- JSON: https://secwatch.observer/filing/0000008063-22-000038.json
- Plain text: https://secwatch.observer/filing/0000008063-22-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.