SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): December 11, 2020
(Exact name of registrant as specified in its charter)
|(State or Other Jurisdiction of Incorporation)||(Commission File Number)||(I.R.S. Employer Identification Number)|
3000 Taft Street, Hollywood, Florida 33021
|(Address of Principal Executive Offices) (Zip Code)|
|(Registrant's telephone number, including area code)|
(Former name or former address, if changed since last report)
|Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:|
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered |
|Common Stock, $.01 par value per share ||HEI||New York Stock Exchange |
|Class A Common Stock, $.01 par value per share ||HEI.A||New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On December 11, 2020, HEICO Corporation (the “Company”) entered into an amendment ("First Amendment") to its Revolving Credit Agreement ("Credit Agreement") with 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. Pursuant to the First Amendment, the maturity date of the Credit Agreement was extended from November 6, 2022 to November 6, 2023 and the aggregate revolving commitment amount was increased from $1.3 billion to $1.5 billion. Furthermore, the First Amendment includes a feature allowing the Company to increase revolving commitments under the Credit Agreement to become a $1.85 billion facility, through increased commitments from existing lenders or the addition of new lenders. Also, the First Amendment makes certain additional non-material modifications to the Credit Agreement.
This description of the First 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.
A copy of the Company’s press release announcing the execution of the First Amendment is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
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.
|Date:||December 14, 2020||By:||/s/ CARLOS L. MACAU, JR.|
|Carlos L. Macau, Jr.|
Executive Vice President -
Chief Financial Officer and Treasurer