secwatch.observer — SEC 8-K summary
======================================

Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000008063-23-000004
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astronics beats Q4 sales guidance, completes $205M refinancing
--------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/0000008063-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806323000004/atro-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000008063-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer