0001193125-26-177298
SEC filingAEVEX Corp. entered into a $375M credit agreement and terminated a prior credit facility in connection with its IPO closing.
On April 20, 2026, in connection with the closing of its initial public offering, AEVEX Corp. through its operating company AEVEX Holdings, LLC entered into a new $375 million senior secured credit agreement with Bank of America as administrative agent and other lenders. The facilities consist of a $100 million term loan, a $75 million delayed draw term loan, and a $200 million revolving credit facility, with sublimits for letters of credit and swing line loans. The credit agreement matures on April 20, 2031, and includes financial covenants requiring a maximum total net leverage ratio of 3.50x (stepping down to 3.00x after June 30, 2029) and a minimum interest coverage ratio of 3.00x. Interest rates are based on SOFR or base rate plus applicable margins tied to the secured net leverage ratio. The facilities are secured by substantially all assets of the borrower and certain subsidiaries. Concurrently, the borrower fully repaid and terminated the prior credit agreement dated March 18, 2020. This refinancing provides AEVEX with increased liquidity and extended maturity, supporting its post-IPO capital structure and growth initiatives.