AeroVironment increases revolving credit facility to $450 million
AVAV•AeroVironment increased its revolving credit commitments by $100 million to $450 million from $350 million on October 30, 2026. The facility matures on October 4, 2029, and includes a $150 million letter of credit sublimit and a $10 million swingline sublimit.
1. Facility amendment
AeroVironment amended its credit agreement on October 30, 2026, increasing revolving commitments by $100 million to $450 million. BMO Bank joined as a lender, while Bank of America remained administrative agent.
2. Limits and maturity
An October 9 amendment raised the letter of credit sublimit from $25 million to $150 million without changing aggregate revolving commitments. The $150 million letter of credit sublimit and $10 million swingline sublimit are included within the facility, which matures on October 4, 2029, and is secured by substantially all assets of the borrower and guarantors.
