Astronics extends temporary increase period to Jan. 2024 for revolver

By Mary-Katherine Stinson

Lexington, Ky., Nov. 1 – Astronics Corp. amended its existing asset-based credit facility on Oct. 31 to lengthen the increase period, according to an 8-K filing with the Securities and Exchange Commission.

The second amendment extended the temporary increase period to Jan. 31 from Oct. 31. During this time, the maximum amount that the company can borrow under the revolving credit line is lifted to $120 million from $115 million.

HSBC Bank USA, NA is the administrative agent, co-collateral agent, swingline lender and issuing bank.

Wells Fargo Bank, NA is the joint lead arranger and co-collateral agent.

The company will pay fees equal to 0.1% of each lender’s revolving credit commitment as of Oct. 31.

Astronics is an aerospace electronics company based in East Aurora, N.Y.

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