{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-001471","form_type":"8-K","ticker":"HEI","cik":"0000046619","company_name":"HEICO CORP","filed_at":"2023-05-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.864126+00:00","generated_at":"2026-06-14T21:38:10.597210+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"HEICO to acquire Wencor Group for $2.05B ($1.9B cash + $150M stock)","bullets":["Wencor is a large commercial/military aircraft aftermarket parts distributor and repair provider, owned by Warburg Pincus.","Aggregate purchase price $2.05B: $1.9B cash + 1,137,656 shares of HEICO Class A Common Stock valued at ~$150M.","Closing expected by end of 2023, subject to HSR and other regulatory approvals; termination fee of $143.5M payable by HEICO under certain conditions.","Financing committed via increased credit facility to $2.0B plus up to $1.5B bridge loan; $20M escrow for post-closing adjustments.","Acquisition expected to strengthen HEICO's position in aftermarket aircraft parts and repair services."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-001471","json":"https://secwatch.observer/filing/0000950142-23-001471.json","markdown":"https://secwatch.observer/filing/0000950142-23-001471.md","text":"https://secwatch.observer/filing/0000950142-23-001471.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/46619/000095014223001471/0000950142-23-001471-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/46619/000095014223001471/eh230360120_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T21:38:10.597210+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":"97ffedf797e81fc401a3d301a82cf058b3e3cdb5","claim":"HEICO CORP entered into Agreement and Plan of Merger with Jazz Parent, Inc. valued at $2.05 billion in the aggregate (effective 2023-05-15).","evidence_excerpt":"On May 15, 2023, the Company and its newly formed wholly owned subsidiary Magnolia MergeCo Inc., a Delaware corporation (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) to acquire Jazz Parent, Inc., a Delaware corporation, the owner of Wencor (the “Target”), with the Target and Jazz Topco GP LLC, a Delaware limited liability company (the “Representative”), solely in its capacity as Representative for purposes of certain provisions of the Merger Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/46619/000095014223001471/0000950142-23-001471-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Jazz Parent, Inc."},{"label":"Value","value":"$2.05 billion in the aggregate"},{"label":"Effective","value":"2023-05-15"}],"fact_type":"material_agreement"},{"claim_id":"e5e958aebbfa0fc3599bb9adbe850a88e53ba3ff","claim":"HEICO CORP entered into Commitment Letter with Truist Bank and Truist Securities, Inc. valued at up to $1.5 billion (effective 2023-05-14).","evidence_excerpt":"On May 14, 2023, the Company entered into an engagement letter with Truist Securities, Inc. (the “Engagement Letter”) to, among other things, increase the commitments under its existing credit facility from $1.5 billion to $2.0 billion and to extend the maturity date thereunder to a date that is five years from the closing date, and has also entered into a commitment letter (the “Commitment Letter”) with Truist Bank (the “Bridge Lender”) and Truist Securities, Inc., pursuant to which the Bridge Lender has committed to provide a senior unsecured credit facility to the Company, as the borrower, in an aggregate amount of up to $1.5 billion (the “Bridge Facility”), with a maturity date of 364 days following the closing date.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/46619/000095014223001471/0000950142-23-001471-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank and Truist Securities, Inc."},{"label":"Value","value":"up to $1.5 billion"},{"label":"Effective","value":"2023-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}