Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 109

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 109
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.1 million in fiscal 2028, $124.0 million in fiscal 2029, $116.8 million in fiscal 2030 and $496.5 million thereafter.

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5.    LONG-TERM DEBT

    Long-term debt consists of the following (in thousands):As of October 31,20252024Borrowings under revolving credit facility$960,000 $1,015,000 2028 senior unsecured notes600,000 600,000 2033 senior unsecured notes600,000 600,000 Finance leases and notes payable (1)17,890 26,133 Less: Debt discount and debt issuance costs(9,945)(11,759)2,167,945 2,229,374 Less: Current maturities of long-term debt(3,358)(4,107)$2,164,587 $2,225,267 (1) See Note 9, Leases, for additional information regarding the Company's finance leases.Revolving Credit Facility    The Company's borrowings under its revolving credit facility ("Credit Facility") mature in fiscal 2028.  As of October 31, 2025 and 2024, the weighted average interest rate on borrowings under the Company's Credit Facility was 5.3% and 6.3%, respectively.  The Credit Facility contains both financial and non-financial covenants.  As of October 31, 2025, the Company was in compliance with all such covenants.In November 2017, the Company entered into a $1.3 billion Credit Facility with a bank syndicate.  The Credit Facility may be used to finance acquisitions and for working capital and other general corporate purposes, including capital expenditures.  In December 2020, the Company entered into an amendment to increase the capacity by $200 million to $1.5 billion.  In April 2022, the Company entered into an amendment to extend the maturity date of its Credit Facility by one year to November 2024 and to replace the Eurocurrency Rate with Adjusted Term SOFR as an election in which borrowings under the Credit Facility accrue interest, as such capitalized terms are defined in the Credit Facility.  In July 2023, the Company entered into a third amendment to its Credit Facility, to, among other things, (i) increase the capacity by $500 million