{"schema_version":"secwatch.filing_event.v1","accession":"0000008063-25-000075","form_type":"8-K","ticker":"ATRO","cik":"0000008063","company_name":"ASTRONICS CORP","filed_at":"2025-09-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.418759+00:00","generated_at":"2026-05-17T06:35:13.119296+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Astronics issues $225M 0% convertible notes due 2031, repurchases $132M of 5.5% notes","bullets":["Issued $225M aggregate principal of 0% convertible senior notes due Jan 2031; net proceeds ~$216.7M.","Used ~$189.8M of proceeds + $85M ABL borrowings + $11M cash to repurchase $132M of 5.5% convertible notes due 2030.","Paid $26.9M for capped call transactions; cap price $83.4051 (90% premium over reference price of $43.8974).","Initial conversion price $54.87 per share (25% premium); conversion rate 18.2243 shares per $1,000 principal.","CEO cites capital structure optimization: lower cost of debt and reduced future dilution for shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0000008063-25-000075","json":"https://secwatch.observer/filing/0000008063-25-000075.json","markdown":"https://secwatch.observer/filing/0000008063-25-000075.md","text":"https://secwatch.observer/filing/0000008063-25-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8063/000000806325000075/0000008063-25-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8063/000000806325000075/atro-20250916.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:35:13.119296+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":[{"claim_id":"ae46b822ffe5cd3f706982f80be6bde3b7b758f1","claim":"ASTRONICS CORP incurred convertible notes of $225.0 million aggregate principal amount with initial purchasers at 0% maturing January 15, 2031.","evidence_excerpt":"On September 16, 2025, Astronics Corporation (the “Company”) issued $225.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806325000075/0000008063-25-000075-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$225.0 million aggregate principal amount"},{"label":"Counterparty","value":"initial purchasers"},{"label":"Rate","value":"0%"},{"label":"Maturity","value":"January 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bddc66992ecb42bd712b90deaacbd61fd807e890","claim":"ASTRONICS CORP issued a maximum of 5,125,568 shares of the Company’s common stock of convertible note to initial purchasers for $225.0 million aggregate principal amount.","evidence_excerpt":"On September 16, 2025, Astronics Corporation (the “Company”) issued $225.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “Notes”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806325000075/0000008063-25-000075-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Shares","value":"a maximum of 5,125,568 shares of the Company’s common stock"},{"label":"Purchaser","value":"initial purchasers"},{"label":"Consideration","value":"$225.0 million aggregate principal amount"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}