{"schema_version":"secwatch.filing_event.v1","accession":"0000008063-24-000040","form_type":"8-K","ticker":"ATRO","cik":"0000008063","company_name":"ASTRONICS CORP","filed_at":"2024-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.937381+00:00","generated_at":"2026-05-31T21:56:01.321369+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Astronics refinances debt with $200M revolver and $55M term loan, saving ~$10.5M annually","bullets":["Revolver expanded from $115M to $200M; $128M drawn at closing; maturity extended to July 11, 2027.","New $55M term loan at SOFR+5.50-6.75%; annual amortization reduced to ~$550K from ~$9.0M.","Estimated annual cash savings of ~$10.5M including ~$2.0M interest reduction; blended rate 9.6% vs 11.0%.","Previous $80.3M term loan repaid with ~$3.2M call premium; Q3 2024 expenses of ~$8.0M for fees and write-offs.","Covenants eased: minimum fixed charge coverage ratio 1.1x; liquidity floor of $15M or 10% of borrowing base."],"urls":{"canonical":"https://secwatch.observer/filing/0000008063-24-000040","json":"https://secwatch.observer/filing/0000008063-24-000040.json","markdown":"https://secwatch.observer/filing/0000008063-24-000040.md","text":"https://secwatch.observer/filing/0000008063-24-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8063/000000806324000040/0000008063-24-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8063/000000806324000040/atro-20240711.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:56:01.321369+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}