424B5
Offering supplement
✓ VerifiedHEICO priced $550 million of 4.950% notes due 2031 and $650 million of 5.400% notes due 2036, with net proceeds of about $1,188.9 million used to pay down its Existing Credit Facility.
Filed Jul 15, 2026 · 17:17 ET
Summary
- HEICO is offering $550,000,000 of 4.950% notes due August 1, 2031 and $650,000,000 of 5.400% notes due August 1, 2036, with interest payable semiannually on February 1 and August 1 commencing February 1, 2027.
- Total proceeds to HEICO before expenses are $1,191,505,500, after underwriting discounts of $7,525,000 on a total public offering price of $1,199,030,500.
- Net proceeds are estimated at approximately $1,188.9 million and will be used to pay down borrowings outstanding on HEICO's Existing Credit Facility.
- The notes are senior unsecured obligations and initially will not be guaranteed by any subsidiaries, ranking structurally subordinated to subsidiary liabilities.
- As of April 30, 2026, before the offering, HEICO had approximately $2,587.3 million aggregate principal amount of indebtedness, none of which is secured.
- Delivery of the notes is expected on or about July 16, 2026 on a T+3 basis, with Truist Bank as trustee and the notes not listed on any exchange.
Key facts
- 2031 notes
- $550,000,000 4.950% Notes due 2031
From the filing for 2031 notes
“$550,000,000 aggregate principal amount of its 4.950% notes due 2031”
- 2036 notes
- $650,000,000 5.400% Notes due 2036
From the filing for 2036 notes
“$650,000,000 aggregate principal amount of its 5.400% notes due 2036”
- Maturity dates
- August 1, 2031 and August 1, 2036
From the filing for Maturity dates
“The 2031 notes will mature on August 1, 2031 and the 2036 notes will mature on August 1, 2036.”
- Total proceeds before expenses
- $1,191,505,500
From the filing for Total proceeds before expenses
“Total: $ 1,199,030,500 $ 7,525,000 $ 1,191,505,500”
- Net proceeds
- approximately $1,188.9 million
From the filing for Net proceeds
“We estimate that the net proceeds of this offering will be approximately $1,188.9 million (after deducting the underwriting discounts and estimated offering expenses).”
- Use of proceeds
- pay down Existing Credit Facility
From the filing for Use of proceeds
“We intend to use the net proceeds from the sale of the notes to pay down borrowings outstanding on our Existing Credit Facility.”
- Existing indebtedness
- $2,587.3 million, none secured
From the filing for Existing indebtedness
“we had approximately $2,587.3 million aggregate principal amount of indebtedness, none of which is secured indebtedness”
- Settlement date
- on or about July 16, 2026
From the filing for Settlement date
“The underwriters expect to deliver the notes only in book-entry form through the facilities of The Depository Trust Company”
Why it mattersHEICO raised $1.2 billion in senior unsecured debt to repay its credit facility borrowings. The proceeds refinance existing debt for the aerospace, defense, and space components manufacturer.
- Filed
- Jul 15, 2026
- Accepted
- 2026-07-15 21:17Z
- Accession no.
- 0001213900-26-078392
- Size
- 849 KB
- Index
- Filing index