Heico increases credit facility



Niche technology company Heico Corp. announced this week that it has increased its revolving credit facility from $670 million to an aggregate capacity of $1 billion.

The company, with headquarters in Miami and Hollywood, also extended the facility by a year to December 2018.

Heico originally entered into the facility in 2011.

In a statement, executives said the expanded facility would allow Heico “to continue investing in and growing our business, while maintaining a low cost of capital to execute on our strategic plans."

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