# AeroVironment expands revolving credit facility to $450 million The Oct. 30 amendment adds $100 million in revolving commitments and brings in BMO Bank as a new lender. Published 2026-11-04 by TGOs. Canonical: https://tgos.io/news/2026/11/04/aerovironment-expands-revolving-credit-facility-to-450-million/ AeroVironment expanded its revolving credit facility under an Oct. 30, 2026, amendment.[1] Revolving commitments rose from $350 million to $450 million, with BMO Bank joining as a new lender.[1] The expansion adds $100 million in financing capacity.[1] A higher letter of credit sublimit established earlier in October remains part of the revolver, and outstanding letters of credit reduce the amount available to borrow.[1][2] An earlier amendment on Oct. 9, 2026, added JPMorgan Chase as a letter of credit issuer.[1] It raised the letter of credit sublimit from $25 million to $150 million without increasing total revolving commitments.[1] The Oct. 30 amendment also provided for bilateral letters of credit and certain cash-collateralized letters of credit for deposit obligations, subject to the amended agreement's terms and conditions.[1] The facility still matures on Oct. 4, 2029, and its obligations remain secured by substantially all assets of AeroVironment and its guarantor subsidiaries.[1] ## Why it matters Before the amendments, AeroVironment described the revolver as available for working capital and general corporate purposes, including acquisitions that meet certain parameters.[2] Its Nov. 4 filing states no amount borrowed under the amended facility or intended use of proceeds.[1] ## Sources 1. AeroVironment Form 8-K, Nov. 4, 2026 2. AeroVironment Form 10-Q, quarter ended Aug. 1, 2026