Astronics Corporation announced on 24 October 2025 that it has entered into a new $300 million senior secured, cash‑flow‑based revolving credit facility (the “New Revolver”). The facility replaces the company’s prior asset‑based revolving credit facility that was scheduled to mature in 2027 and will instead mature in October 2030.
The New Revolver includes an accordion feature that allows Astronics to request incremental commitments of up to $100 million, provided leverage requirements are met. As of the release, $90 million of the facility is already outstanding. Interest on the facility will be a floating rate equal to the Secured Overnight Financing Rate (SOFR) plus a margin ranging from 125 to 213 basis points, depending on leverage levels.
The financing is intended to enhance Astronics’ financial flexibility and extend its liquidity horizon, supporting the company’s growth initiatives in both the commercial aerospace and defense markets. It complements the $165 million 5.5 % convertible senior notes due 2030 that were issued in December 2024, further strengthening the firm’s capital structure and providing a robust buffer for operations and capital expenditures.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.