Heroux-Devtek extends revolver, term loan and doubles accordion

By Wendy Van Sickle

Columbus, Ohio, June 17 – Heroux-Devtek Inc. announced the extension of its senior secured revolving credit facility and unsecured subordinated term loan, according to a news release.

The C$250 million revolver was extended to a new five-year term, maturing in June 2026.

The accordion feature was doubled to C$200 million.

National Bank Financial Markets acted as lead arranger and sole bookrunner, and National Bank of Canada acts as administrative agent.

Additionally, the fully drawn C$75 million term loan has been extended three years and now matures in September 2028.

Based in Longueuil, Quebec, Heroux-Devtek specializes in the design, development, manufacture, repair and overhaul of aircraft landing gear, hydraulic and electromechanical actuators, custom ball screws and fracture-critical components for the aerospace market.

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