secwatch.observer — SEC 8-K summary
======================================

Issuer:     HEICO CORP (HEI)
CIK:        0000046619
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001213900-23-065643
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.02, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEICO completes $1.9B acquisition of Wencor Group (Jazz Parent Inc.)
--------------------------------------------------------------------

- Closed acquisition of Jazz Parent, owner of Wencor, for $1.9B cash (adjusted) plus 1,137,628 HEI.A shares.
- Cash consideration funded by $600M 5.250% notes due 2028 and $600M 5.350% notes due 2033 plus revolver.
- Terminated bridge financing commitment with Truist Bank and Truist Securities, Inc.
- Filed S-3ASR to register resale of 1,054,606 shares of Class A common stock issued in merger.
- Shares issued in merger were unregistered under Section 4(a)(2) of Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46619/000121390023065643/0001213900-23-065643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46619/000121390023065643/ea183046-8k_heicocorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065643

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer