secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0000046619-22-000024
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO extends credit facility maturity to Nov 2024; replaces LIBOR with Term SOFR
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- Maturity of revolving credit facility extended from Nov 6, 2023 to Nov 6, 2024.
- Benchmark rate changed from LIBOR to Adjusted Term SOFR with a 10 bps credit spread adjustment.
- Amendment entered on April 7, 2022; other non-material modifications also made.
- Agreement involves multiple lenders with Truist Bank as Administrative Agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000024/0000046619-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661922000024/hei-20220407.htm
  HTML page:      https://secwatch.observer/filing/0000046619-22-000024

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