8-KCurrent report
Material agreement
✓ VerifiedFirefly Aerospace expanded its revolver by $45 million to $305 million at a higher spread, swapped its free-cash-flow covenant for a $381.25 million minimum liquidity test, and set its first annual meeting for June 4.
2.03 New financial obligation5.02 Officer or director change8.01 Other events
Filed Apr 3, 2026 · 16:56 ET
Summary
- The April 3, 2026 amendment increases revolving commitments by $45 million to $305 million and raises the interest spread 0.25%, to term SOFR plus 3.25%.
- The amendment removes the minimum free cash flow covenant and sets minimum liquidity at $381.25 million, tested monthly from April 30, 2026.
- Director Marc Weiser resigned April 2, not due to any disagreement, and the annual meeting was set for June 4, 2026.
Key facts
- Revolver
- $305 million total
From the filing for Revolver
“increased the existing commitments under the senior secured revolving credit facility (the "Revolving Credit Facility") provided under the Credit Agreement by $45 million, for a total aggregate principal amount of $305 million”
- Liquidity covenant
- $381.25 million minimum
From the filing for Liquidity covenant
“adjusted the minimum liquidity maintenance covenant to require $381.25 million of minimum liquidity”
Why it mattersMore capacity at a higher price, with covenants rebuilt around the post-IPO cash pile.
- Filed
- Apr 3, 2026
- Accepted
- 2026-04-03 20:56Z
- Period
- Apr 2, 2026
- Accession no.
- 0001193125-26-142298
- Size
- 182 KB
- Index
- Filing index