STOCK TITAN
  1. Home
  2. Sec-filings
  3. HEI
  4. [8-K] HEICO CORP Reports Material Event

HEICO (NYSE: HEI) boosts credit facility to $2.2B and extends to 2031

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

HEICO Corporation entered into a fourth amendment to its Revolving Credit Agreement on June 11, 2026. The amendment increases the capacity of the company’s revolving credit facility from $2.0 billion to $2.2 billion and extends the facility’s maturity to June 11, 2031.

The amendment also changes the interest-rate grid so the applicable rate is based on the most recently published ratings of HEICO’s senior unsecured, non-credit enhanced, long-term debt. In addition, subsidiaries that previously guaranteed obligations under the credit facility are released from those guarantees and are automatically released from guarantees of HEICO’s outstanding 5.250% Notes due 2028 and 5.350% Notes due 2031 under its 2023 indenture documents.

Positive

  • None.

Negative

  • None.

Insights

HEICO ups revolving capacity, extends maturity, and simplifies guarantees.

HEICO increased its revolving credit facility to $2.2 billion and extended the maturity to June 11, 2031. This gives the company a larger committed liquidity backstop and pushes its nearest major bank-facility refinancing needs further out.

The pricing grid will now reference ratings on senior unsecured long-term debt, tying borrowing costs more closely to HEICO’s credit profile. Releasing subsidiaries from guarantees under both the credit facility and the 5.250% and 5.350% notes simplifies the guarantee structure, though actual impact depends on future ratings and borrowing levels.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving credit capacity after amendment $2.2 billion Amended Credit Facility limit
Prior revolving credit capacity $2.0 billion Credit Facility before fourth amendment
Facility maturity date June 11, 2031 New maturity of Credit Agreement
Coupon on 2028 notes 5.250% HEICO Notes due 2028
Coupon on 2031 notes 5.350% HEICO Notes due 2031
Revolving Credit Agreement financial
"entered into a fourth amendment (the "Fourth Amendment") to its Revolving Credit Agreement"
A revolving credit agreement is a flexible loan arrangement where a borrower can borrow, repay, and borrow again up to a set limit, similar to a credit card. It matters because it gives businesses or individuals quick access to funds whenever needed, helping manage cash flow and cover expenses without applying for a new loan each time.
Credit Facility financial
"increase the capacity of the existing revolving credit facility (“Credit Facility”)"
A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.
Indenture financial
"the Company’s Indenture dated July 27, 2023 (“Indenture”)"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
5.250% Notes due 2028 financial
"being the Company’s outstanding 5.250% Notes due 2028"
guarantee obligations financial
"guaranteed the Obligations (as defined in the Credit Agreement)"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
false 0000046619 0000046619 2026-06-11 2026-06-11 0000046619 HEI:CommonStock.01ParValuePerShareMember 2026-06-11 2026-06-11 0000046619 HEI:ClassCommonStock.01ParValuePerShareMember 2026-06-11 2026-06-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event Reported): June 11, 2026 

 

HEICO CORPORATION 

(Exact name of registrant as specified in its charter)

 

Florida   001-04604   65-0341002
(State or Other Jurisdiction
of Incorporation)		   (Commission File Number)   (I.R.S. Employer
Identification Number)

 

3000 Taft Street, Hollywood, Florida 33021
(Address of Principal Executive Offices) (Zip Code)

 

(954) 987-4000
(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $.01 par value per share    HEI   New York Stock Exchange 
Class A Common Stock, $.01 par value per share    HEI.A   New York Stock Exchange 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On June 11, 2026, HEICO Corporation (the “Company”) entered into a fourth amendment (the "Fourth Amendment") to its Revolving Credit Agreement (the "Credit Agreement") with several banks and other financial institutions from time to time party thereto (collectively, the "Lenders") and Truist Bank (as successor by merger to SunTrust Bank), as Administrative Agent. Pursuant to the Fourth Amendment, the Lenders agreed to, among other things, (i) increase the capacity of the existing revolving credit facility (“Credit Facility”) from $2.0 billion to $2.2 billion, (ii) extend the maturity date of the Credit Agreement to June 11, 2031, (iii) modify the applicable rate to be calculated based upon the most recently published ratings for the Company’s senior unsecured, non-credit enhanced, long-term indebtedness for borrowed money, and (iv) release each subsidiary of the Company that had guaranteed the Obligations (as defined in the Credit Agreement) prior to June 11, 2026 (“Released Subsidiary”) from such subsidiary’s guarantee obligations under the Credit Facility (“Credit Facility Release”). As a result of the Credit Facility Release, each Released Subsidiary was also automatically released from such Released Subsidiary’s guarantee of the Company’s obligations under the securities issued under the Company’s Indenture dated July 27, 2023 (“Indenture”), and First Supplemental Indenture, dated July 27, 2023 (“First Supplemental Indenture”), being the Company’s outstanding 5.250% Notes due 2028 and outstanding 5.350% Notes due 2031 (“Indenture Obligations Release”).

 

This description of the Fourth Amendment is qualified in its entirety by reference to the copy of such agreement filed as Exhibit 10.1 to this report, which is incorporated by reference herein.

 

The description of the Indenture Obligations Release is qualified in its entirety by reference to the copies of the Indenture and the First Supplemental Indenture filed as Exhibit 4.1 and Exhibit 4.2, respectively, to the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 27, 2023, which is incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit   Description
10.1   Fourth Amendment to Revolving Credit Agreement, effective as of June 11, 2026, among HEICO Corporation, as Borrower, the Lenders from time to time party thereto and Truist Bank (as successor by merger to SunTrust Bank), as Administrative Agent.
     
104   Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  HEICO CORPORATION
     
Date: June 17, 2026 By:  /s/ CARLOS L. MACAU, JR.
    Carlos L. Macau, Jr.
Executive Vice President - Chief Financial
Officer and Treasurer

 

 

2

 

Source: View Original Filing on SEC EDGAR

FAQ

What change did HEICO (HEI) make to its revolving credit facility?

HEICO increased its revolving credit facility from $2.0 billion to $2.2 billion. This larger committed line of credit provides additional funding capacity for general corporate purposes, acquisitions, or working capital, subject to borrowing conditions in the amended agreement.

When does HEICO’s amended revolving credit facility now mature?

The amended HEICO revolving credit facility now matures on June 11, 2031. Extending the maturity lengthens the company’s access to committed bank financing and reduces near-term refinancing pressure compared with the prior, earlier maturity date.

How will interest rates on HEICO’s credit facility now be determined?

The applicable rate on HEICO’s revolving credit facility will be set using the most recently published ratings on its senior unsecured, non-credit enhanced, long-term indebtedness. This links borrowing costs to changes in the company’s credit ratings over time.

What guarantee changes were made for HEICO subsidiaries under the credit facility?

Subsidiaries that previously guaranteed obligations under HEICO’s credit facility were released from those guarantees. This means those subsidiaries no longer guarantee the revolving credit obligations, as detailed in the fourth amendment to the Revolving Credit Agreement.

How does the amendment affect guarantees of HEICO’s 2028 and 2031 notes?

Because of the credit facility guarantee release, each released subsidiary was also automatically released from guaranteeing HEICO’s 5.250% Notes due 2028 and 5.350% Notes due 2031 under the 2023 indenture and first supplemental indenture.

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

Other Documents