secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000008063-24-000021
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astronics amends credit facilities: revolver raised $5M to $120M, covenants relaxed
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- ABL revolver increased $5M to $120M temporary; expires earlier of Q1 2024 filing or May 15, 2024.
- Max capital expenditure covenant raised; $40M annual limit by Q4 2024; previous cap lower.
- Min Consolidated EBITDA thresholds cut for Q1–Q3 2024: $45.3M, $48.0M, $67.1M respectively.
- Term Loan Agreement amended with identical covenant changes effective March 27, 2024.
- Both amendments executed with lender consent; previous $120M increase had expired Feb 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000021/0000008063-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000021/atro-20240327.htm
  HTML page:      https://secwatch.observer/filing/0000008063-24-000021

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