Heico Corporation increased its unsecured revolving credit facility by $200 million to a total of $2.2 billion. The company extended the facility's maturity date to 2031.
Proceeds will fund future acquisitions and general corporate purposes. This expansion supports a disciplined growth strategy that has completed over 110 acquisitions since 1996.
A bank syndicate led by Truist Bank, Bank of America, and Wells Fargo supports the expanded line. Interest rates track the Secured Overnight Financing Rate (SOFR) plus a margin based on Heico’s investment-grade rating.
The credit expansion follows record net income reported in the second quarter of fiscal 2026.