secwatch / observer
8-K filed November 15, 2022, 6:59 PM ET ticker ATRO CIK 0000008063
earnings confidence high sentiment negative materiality 0.80

ASTRONICS CORP (ATRO): debt financing — Astronics Q3 net loss $14.9M, operating loss $14.3M; credit facility amended, 2023 sales guided $640-680M

ASTRONICS CORP

2022-Q3 EPS reported -$0.90 revenue$376,741,000

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ASTRONICS CORP amended credit facility of $180 million with HSBC Bank USA, National Association, as Agent, and the lenders signatory thereto at one-, three- or six-month SOFR (which shall be at least 1.00%) plus 4.50% for AB maturing November 30, 2023.

Instrument
credit facility
Principal
$180 million
Counterparty
HSBC Bank USA, National Association, as Agent, and the lenders signatory thereto
Rate
one-, three- or six-month SOFR (which shall be at least 1.00%) plus 4.50% for AB
Maturity
November 30, 2023
Event
amendment
Exact text from the filing
from August 31, 2023 to November 30, 2023. The Amendment set the maximum aggregate amount that the Company can borrow under the revolving credit line in the Credit Agreement at $180 million through December 20, 2022. The maximum aggregate amount available for borrowing had been scheduled to decrease to $170 million on November 21, 2022. The decrease to $170 million
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASTRONICS CORP reported third quarter 2022 results: revenue $131.4 million, net income $14.9 million, EPS $0.46 per diluted share.

Period
third quarter 2022
Revenue
$131.4 million
Net income
$14.9 million
EPS
$0.46 per diluted share
Result
reported results
Exact text from the filing
Email: dpawlowski@keiadvisors.com FOR IMMEDIATE RELEASE Astronics Corporation Reports Third Quarter 2022 Financial Results • Sales for the quarter were $131.4 million, up 18% over prior-year period • Operating loss was $14.3 million, including $4.6 million in atypical costs, a portion of which is expected to be recovered in the fourth quarter
View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

ASTRONICS CORP filing history →

Source: SEC EDGAR
accession 0000008063-22-000057
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