Astronics Corporation amended its existing asset-based credit facility on March 27, 2024 by entering into the Third Amendment to the Sixth Amended and Restated Credit Agreement, as amended, with HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent, and the lenders signatory thereto. The ABL Amendment increased the maximum aggregate amount that the Company can borrow under the revolving credit line by $5 million, from $115 million to $120 million, with borrowings subject to a borrowing base determined primarily by inventory and accounts receivable. The increase will expire on the earlier of (x) the date on which the Agent receives the quarterly financial statements for the fiscal quarter ending March 31, 2024, and (y) May 15, 2024.

The previous temporary increase in the revolving credit line to $120 million had expired on February 1, 2024. The ABL Amendment also amends certain financial covenants to (i) increase the maximum amount of capital expenditures that the Company and its subsidiaries are permitted to make during four consecutive fiscal quarter periods ending on specified dates, and (ii) decrease the minimum amount of Consolidated EBITDA (as defined in the ABL Agreement) that the Company and its subsidiaries are required to earn during the four consecutive fiscal quarter periods ending as of the end of the first, second and third quarters of 2024 (collectively, the ?Covenant Changes?). The Company also entered into Amendment No.

2 (the ?Term Loan Amendment?) to Credit Agreement (the ?Term Loan Agreement?) on March 27, 2024, with Great Rock Capital Partners Management, LLC, as Agent, and the lenders signatory thereto. The Term Loan Amendment implemented the Covenant Changes with respect to the Term Loan Agreement.