Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 41

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 8
Chunk 41
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8, $123.2 million in fiscal 2029, $116.2 million in fiscal 2030, and $507.8 million thereafter.

5.     LONG-TERM DEBT

Long-term debt consists of the following (in thousands):July 31, 2025October 31, 2024Borrowings under revolving credit facility$1,235,000 $1,015,000 2028 senior unsecured notes600,000 600,000 2033 senior unsecured notes600,000 600,000 Finance leases and notes payable23,034 26,133 Less: Debt discount and debt issuance costs(10,411)(11,759)2,447,623 2,229,374 Less: Current maturities of long-term debt(3,725)(4,107)$2,443,898 $2,225,267 

16

Revolving Credit FacilityThe Company's borrowings under its revolving credit facility mature in fiscal 2028.  As of July 31, 2025 and October 31 2024, the weighted average interest rate on borrowings under the Company's revolving credit facility ("Credit Facility") was 5.7% and 6.3%, respectively.  The Credit Facility contains both financial and non-financial covenants.  As of July 31, 2025, the Company was in compliance with all such covenants.Senior Unsecured NotesThe Company's senior unsecured notes consist of $600 million principal amount of 5.25% Senior Notes due August 1, 2028 (the "2028 Notes") and $600 million principal amount of 5.35% Senior Notes due August 1, 2033 (the "2033 Notes" and, collectively with the 2028 Notes, the "Notes").  Interest on the Notes is payable semi-annually in arrears on February 1 and August 1 of each year.  The 2028 Notes and 2033 Notes each have an effective interest rate of 5.5%.  The Notes are fully and unconditionally guaranteed on a senior unsecured basis by all of the Company's existing and future subsidiaries that guarantee the Company's obligations under the Credit Facility (the "Guarantor Group").  As of July 31, 2025, the Company was in compliance with all covenants related to the