Company: HEI-A
Filing Date: 2025-08-27
Form Type: 10-Q
Source: 0000046619-25-000062
Chunk: 21

Company: HEICO CORP
Filing Date: 2025-08-27
Form: 10-Q
Item: Item 1
Chunk 21
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).Amortization expense related to intangible assets for the nine months ended July 31, 2025 and 2024 was $101.7 million and $91.5 million, respectively.  Amortization expense related to intangible assets for the three months ended July 31, 2025 and 2024 was $34.7 million and $30.7 million, respectively.  Amortization expense related to intangible assets for the remainder of fiscal 2025 is estimated to be $36.0 million.  Amortization expense for each of the next five fiscal years and thereafter is estimated to be $140.8 million in fiscal 2026, $135.7 million in fiscal 2027, $129.3 million in fiscal 2028, $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