ASTRONICS CORP (ATRO): debt financing — Astronics extends $120M credit line temporary increase to January 31, 2024; retains financial advisor

ASTRONICS CORP

Second Amendment extends expiry of revolving credit limit increase from $115M to $120M through Jan 31, 2024.
Company will pay a 0.10% fee on each lender's revolving commitment as of the amendment date.
Astronics must keep Huron Consulting (or another acceptable advisor) engaged through at least Jan 31, 2024.
Covenant representations reaffirmed; no Event of Default existed before or after the amendment.

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 $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 maturing October 31, 2023 to January 31, 2024.

Instrument: revolving credit
Principal: $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
Maturity: October 31, 2023 to January 31, 2024
Event: amendment

Exact text from the filing

The Second Amendment extended from October 31, 2023 to January 31, 2024 the expiry of a temporary increase in the maximum aggregate amount that the Company can borrow under the revolving credit line from $115 million to $120 million.

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 0000008063-23-000052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.