---
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"
generated_at: "2026-05-31T21:56:01.321369+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astronics refinances debt with $200M revolver and $55M term loan, saving ~$10.5M annually

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-24-000040
- JSON: https://secwatch.observer/filing/0000008063-24-000040.json
- Plain text: https://secwatch.observer/filing/0000008063-24-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.