secwatch.observer — SEC 8-K summary
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Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0000950142-23-001471
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO to acquire Wencor Group for $2.05B ($1.9B cash + $150M stock)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000095014223001471/0000950142-23-001471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000095014223001471/eh230360120_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001471

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