ASTRONICS CORP (ATRO): debt financing — Astronics amends credit facility, increases revolver capacity by $5M to $120M through Oct 30, 2023

ASTRONICS CORP

Maximum revolver borrowing increased from $115M to $120M via first amendment, effective June 28, 2023.
Increase is temporary; Maximum Limit reverts to $115M on Oct 31, 2023.
Fee of 0.15% ($7,500) paid on the $5M increase.
Loan parties must maintain engagement of Huron Consulting through at least Oct 31, 2023 for cash flow forecasting.
Reaffirmation of all covenants and liens; no default exists.

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 revolving credit of from $115 million to $120 million with HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent, and the lenders signatory thereto.

Instrument: revolving credit
Principal: from $115 million to $120 million
Counterparty: HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent, and the lenders signatory thereto
Event: amendment

Exact text from the filing

the Amendment increased the maximum aggregate amount that the Company can borrow under the revolving credit line by $5 million, from $115 million to $120 million

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Source: SEC EDGAR

accession 0000008063-23-000036

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