On April 3, 2026, Firefly Aerospace Inc. announced an amendment to its existing Credit Agreement originally dated August 8, 2025. The amendment increases the commitments under the senior secured revolving credit facility by $45 million, bringing the total aggregate principal amount to $305 million. This adjustment reflects the company's ongoing efforts to enhance its liquidity position amidst evolving market conditions. The interest spread applicable to the loans under the Revolving Credit Facility has also been adjusted, increasing by 0.25%. Following this amendment, the loans will bear interest at a variable rate, which can be either term SOFR plus a 3.25% spread or an alternative base rate plus a 2.25% spread. Additionally, a commitment fee of 0.375% per annum will apply on unused commitments under the facility, which is set to mature on August 8, 2028. The amendment also removed the minimum free cash flow maintenance covenant and adjusted the minimum liquidity maintenance covenant to require $381.25 million of minimum liquidity, tested at the end of each calendar month starting April 30, 2026. This strategic move is expected to provide Firefly with greater financial flexibility as it navigates its operational and strategic objectives in the aerospace sector. Furthermore, the company has scheduled its 2026 Annual Meeting of Stockholders for June 4, 2026, with deadlines for stockholder proposals set for April 13, 2026. This proactive approach to governance and liquidity management is likely to bolster investor confidence and support the company's growth trajectory.

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