Heico closes $1.2 billion senior notes offering to repay debt

Heico Corporation (NYSE: HEI, HEI.A) closed an offering of $1.2 billion in senior notes, consisting of $550 million in 4.950% Senior Notes due 2031 and $650 million in 5.400% Senior Notes due 2036, according to a press release dated July 16, 2026.

The company said it will use the net proceeds to pay down outstanding borrowings under its $2.2 billion revolving credit agreement. Heico stated the paydown will leave the company with capacity to fund future acquisitions.

Co-Chairmen and Co-Chief Executive Officers Eric A. Mendelson and Victor H. Mendelson said the notes received investment grade ratings, consistent with the company's notes issued in 2023. "Building on our inaugural issuance in 2023, this second offering gives us an efficient way to fund ongoing acquisition activity," they stated.

Chief Financial Officer Carlos L. Macau Jr. noted the offering "expands HEICO's capital sources and gives HEICO greater flexibility to pursue continued growth."

Truist Securities, BofA Securities, PNC Capital Markets, Wells Fargo Securities, Credit Agricole CIB, and TD Securities served as joint book-running managers for the offering.

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