Business
V2X Announces Successful Repricing and Extension of Term Loan and Revolver
V2X, Inc., (NYSE: VVX), announces it has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility ("Revolver"). As of December 31, 2024, there were no outstanding borrowings on the company's Revolver.
About this update from V2x, Inc.
[{"type":"text","content":"RESTON, Va., April 3, 2025 /PRNewswire/ -- V2X, Inc., (NYSE: VVX), announces it has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility ("Revolver"). As of December 31, 2024, there were no outstanding borrowings on the company's Revolver.","length":307,"tagName":"p"},{"type":"image","alt":"V2X (PRNewsfoto/V2X, Inc.)","displaySize":"","headline":null,"caption":"V2X (PRNewsfoto/V2X, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":134,"url":"https://media.zenfs.com/en/prnewswire.com/e68527f1ec9ca3cd1570ec2501fa4c1b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/r6pxh2xK9AdkSJ6pp2z25w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e68527f1ec9ca3cd1570ec2501fa4c1b","width":400,"height":134}},"href":"https://mma.prnewswire.com/media/1852552/V2X_Color_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""I'm pleased to announce further enhancements to our capital structure through a successful repricing and extension of our Term Loan A and Revolver," said Shawn Mural, Senior Vice President and Chief Financial Officer at V2X.","length":239,"tagName":"p"},{"type":"text","content":"The amendment includes an updated leverage-based pricing grid, offering over 50 basis points of interest savings compared to the prior grid, as well as an extension of the facility by two years to March 2030.","length":208,"tagName":"p"},{"type":"text","content":"Mr. Mural continued, "This repricing and extension, which was well oversubscribed, builds on our recent Term Loan B repricing and demonstrates the strength and positioning of our business as well as our ongoing commitment to increasing value for shareholders. I'd like to thank our banking partners for their continued support and confidence in our business."","length":373,"tagName":"p"},{"type":"text","content":"Safe Harbor StatementSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the "Act"): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements in this release that are not...