Heico Corp. has extended its $670 million revolving credit facility by one year, the Hollywood-based company said Wednesday. The facility will expire in 2017.
The company obtained the credit facility, which is managed by SunTrust Bank, Bank of America and Wells Fargo Bank, in December 2011. It replaced a previous $300 million credit line.
Heico uses the facility for “acquisitions and other corporate needs,” the company said.
The company manufactures parts and equipment for the aviation, medical and defense industries. It has two classes of common stock traded on the New York Stock Exchange.