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Astronics (ATRO) has issued an update.
Astronics Corporation has enhanced its financial agility by amending its existing credit facility, increasing its borrowing capacity from $115 million to $200 million, and securing a $55 million term loan. Both credit agreements, which now have a maturity date of July 11, 2027, offer competitive interest rates tied to SOFR with additional margins based on the company’s financial metrics. Astronics used these new arrangements to settle its previous $84.5 million debt under the Great Rock Agreement, improving its financial structure and demonstrating proactive management of its capital resources.
Learn more about ATRO stock on TipRanks’ Stock Analysis page.
