debt
confidence high
sentiment positive
materiality 0.55
AeroVironment amends credit facility to $200M revolving; extends maturity to Oct 2029
AeroVironment Inc
- New $200M revolving facility with $25M L/C sublimit; maturity extended to Oct 4, 2029.
- Company drew $15M immediately; fully repaid prior term loan facility.
- New senior secured leverage ratio covenant (max 3.00x; 3.50x during acquisition period).
- Added Citibank as lender; now may incur additional secured/unsecured debt types.