{"schema_version":"secwatch.filing_event.v1","accession":"0000008063-23-000004","form_type":"8-K","ticker":"ATRO","cik":"0000008063","company_name":"ASTRONICS CORP","filed_at":"2023-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.134339+00:00","generated_at":"2026-06-20T13:38:33.044588+00:00","sec_items":["1.01","2.03","2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Astronics beats Q4 sales guidance, completes $205M refinancing","bullets":["Preliminary Q4 sales $155M-$160M, above prior guidance of $140M-$150M; bookings $175M-$180M.","Completed $205M refinancing: $90M term loan (SOFR+8.75%, matures 2027) and $115M revolver (SOFR+2.25%-2.75%, matures 2026).","Post-closing liquidity ~$35M; FY 2023 revenue guidance reaffirmed at $640M-$680M.","Weighted avg cash interest rate ~10%; minimum EBITDA covenants with increasing quarterly thresholds."],"urls":{"canonical":"https://secwatch.observer/filing/0000008063-23-000004","json":"https://secwatch.observer/filing/0000008063-23-000004.json","markdown":"https://secwatch.observer/filing/0000008063-23-000004.md","text":"https://secwatch.observer/filing/0000008063-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/0000008063-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/atro-20230119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T13:38:33.044588+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"003c8d830c1fad7859eee6546fb18d6ad59be70b","claim":"ASTRONICS CORP incurred term loan of $90 million with Great Rock Capital Partners Management, LLC, as Agent at SOFR (which shall be at least 2.50%) plus 8.75% maturing January 19, 2027.","evidence_excerpt":"The Company also entered into a $90 million asset-based term loan Credit Agreement (the “Term Loan Agreement”) on January 19, 2023, with Great Rock Capital Partners Management, LLC, as Agent, and the lenders signatory thereto.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/0000008063-23-000004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$90 million"},{"label":"Counterparty","value":"Great Rock Capital Partners Management, LLC, as Agent"},{"label":"Rate","value":"SOFR (which shall be at least 2.50%) plus 8.75%"},{"label":"Maturity","value":"January 19, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"67fc567b7d1431526a3f4906a2216d05493cb3fe","claim":"ASTRONICS CORP amended revolving credit of $115 million with HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent at SOFR (which shall be at least 1.00%) plus 2.25% to 2.75% maturing January 19, 2026.","evidence_excerpt":"as Co-Collateral Agent, and the lenders signatory thereto. The Restated Agreement set the maximum aggregate amount that the Company can borrow under the revolving credit line at $115 million, with borrowings subject to a borrowing base determined primarily by inventory and accounts receivable. The Restated Agreement extended the scheduled maturity date from November","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/0000008063-23-000004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$115 million"},{"label":"Counterparty","value":"HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent"},{"label":"Rate","value":"SOFR (which shall be at least 1.00%) plus 2.25% to 2.75%"},{"label":"Maturity","value":"January 19, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"1110e0621bdeb6de154c18b37e6e4d5aae8bdba5","claim":"ASTRONICS CORP reported the fourth quarter of 2022 results: revenue $155 million to $160 million.","evidence_excerpt":"Astronics Corporation announced today that unaudited preliminary fourth quarter sales are expected to be in the range of $155 million to $160 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/0000008063-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Revenue","value":"$155 million to $160 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"15cc3f9b4494d7c3491e0d4b4a306bd1611e7f50","claim":"ASTRONICS CORP reported the year results: revenue $640 million to $680 million. Guidance reaffirmed.","evidence_excerpt":"consistent with our earlier revenue guidance for the year of $640 million to $680 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/0000008063-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year"},{"label":"Revenue","value":"$640 million to $680 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}