Monitor the company's compliance with the new financial covenants, particularly the leverage and interest coverage ratios, as failure to comply could trigger an event of default.
Price Chart
Executive Summary
AEVEX Corp. (AVEX) entered into a new $375 million credit agreement on April 20, 2026, consisting of a $100 million term loan, a $75 million delayed draw term loan, and a $200 million revolving credit facility. This new debt was used to refinance and terminate the company's previous credit agreement. The new facility is secured by substantially all of the company's assets and includes financial covenants requiring a maximum total net leverage ratio of 3.50 to 1.00 and a minimum interest coverage ratio of 3.00 to 1.00.
Key Financial Metrics
Key Facts
- Entered into a new $375 million credit agreement with Bank of America, N.A. as administrative agent.
- The new credit agreement consists of a $100 million term loan, a $75 million delayed draw term loan, and a $200 million revolving credit facility.
- The new debt was used to refinance and terminate the company's previous credit agreement.
- The new facility is secured by substantially all of the company's assets.
- The new credit agreement includes financial covenants requiring a maximum total net leverage ratio of 3.50 to 1.00 and a minimum interest coverage ratio of 3.00 to 1.00.
Financial Impact
The company has $375 million in new debt, which will impact its leverage and interest expense.
Risk Factors
- Failure to comply with financial covenants could trigger an event of default.
- Increased debt levels could impact the company's credit rating and future borrowing costs.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-177298 |
| Document: d108131d8k.htm | 0001193125-26-177298 |
| Document: 0001193125-26-177298-index-headers.html | 0001193125-26-177298 |
| Document: 0001193125-26-177298-index.html | 0001193125-26-177298 |
| Document: 0001193125-26-177298.txt | 0001193125-26-177298 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $11.14 | awaiting T+1 | — | $11.50 (+3.23%) |
Aug 12, 2026 10w ago | 8-K | $20.89 $21.54 | ▲ +3.11% | ▲ +3.31% | $11.50 (−44.95%) |
Jun 5, 2026 20w ago | 8-K | $23.01 $22.20 | ▼ −3.52% | ▼ −3.23% | $11.50 (−50.02%) |
Jun 4, 2026 20w ago | EFFECT | $24.61 $22.87 | ▼ −7.07% | ▼ −4.47% | $11.50 (−53.27%) |
Jun 1, 2026 21w ago | S-1 | $32.44 $27.66 | ▼ −14.73% | ▼ −14.01% | $11.50 (−64.55%) |
May 20, 2026 22w ago | 8-K | $26.72 $26.82 | ▲ +0.37% | ▼ −0.07% | $11.50 (−56.96%) |
Apr 24, 2026 26w ago | 8-K | $33.95 $29.90 | ▼ −11.93% | ▼ −11.44% | $11.50 (−66.13%) |
Apr 20, 2026 27w ago | 8-K | $35.99 $30.17 | ▼ −16.17% | ▼ −17.19% | $11.50 (−68.05%) |
Apr 17, 2026 27w ago | 3 | $33.41 $35.99 | ▲ +7.72% | ▲ +8.38% | $11.50 (−65.58%) |
Apr 17, 2026 27w ago | 3 | $33.41 $35.99 | ▲ +7.72% | ▲ +8.38% | $11.50 (−65.58%) |
US Market Status
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