UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On July 14, 2023, HEICO Corporation (the “Company”) entered into an amendment (“Third Amendment”) to its existing Revolving Credit Agreement, as amended (“Credit Agreement”), by and among the Company, the 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. The terms of the Third Amendment, among other things: (i) increased the Lenders’ aggregate commitments to make revolving loans under the Credit Agreement from $1.5 billion to $2.0 billion, (ii) extended the maturity date of the Credit Agreement to July 14, 2028, and (iii) increased the applicable rate with respect to certain total leverage ratio tiers in the pricing grid.
This description of the Third 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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | |
| 10.1 | Third Amendment to Revolving Credit Agreement, effective as of July 14, 2023, 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. | |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |
| 101.LAB | Inline XBRL Taxonomy Extension Labels Linkbase Document | |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
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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 | ||
| Dated: July 17, 2023 | By: | /s/ Carlos L. Macau, Jr. |
| Carlos L. Macau, Jr. | ||
| Executive Vice President – | ||
| Chief Financial Officer and Treasurer | ||
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