AeroVironment expands revolving credit commitments to $450 million
AeroVironment entered a Sixth Amendment to its credit agreement that increased aggregate revolving commitments by $100 million, from $350 million to $450 million. After the amendment, the revolver includes a $150 million letter-of-credit sublimit and a $10 million swingline sublimit, continues to mature on October 4, 2029, and remains secured by substantially all assets of AeroVironment and its guarantor subsidiaries. The amendment also provides for bilateral letters of credit and certain cash-collateralized let...
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