HEICO issues $1.2B in senior notes to fund Wencor acquisition

HEICO CORP

Issued $600M 5.250% Senior Notes due 2028 and $600M 5.350% Senior Notes due 2033.
Net proceeds to fund portion of Wencor Group acquisition purchase price and related fees.
Underwriting agreement with BofA Securities, Truist Securities, and Wells Fargo Securities.
Transaction expected to close on July 27, 2023.
Remaining proceeds for general corporate purposes; may temporarily repay revolver.

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