secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K/A
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000046619-23-000138
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO completes $1.9B acquisition of Wencor; Wencor reported $487.5M revenue in FY2022
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- Total consideration: $1.9B cash (net of adjustments) plus 1,137,628 HEI Class A shares.
- Cash funded via $600M of 5.250% notes due 2028 and $600M of 5.350% notes due 2033 plus revolving credit.
- Wencor (Jazz Parent) audited FY2022 results: net sales $487.5M, net income $20.5M, total assets $866.1M.
- Wencor is a large aftermarket parts and repair provider for commercial and military aircraft.
- Acquisition closed August 4, 2023; financial statements of Wencor filed as part of this amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000138/0000046619-23-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000004661923000138/hei-20230804.htm
  HTML page:      https://secwatch.observer/filing/0000046619-23-000138

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