Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
VERRA MOBILITY Corp amended term loan of $704.6 million with Bank of America, N.A. at SOFR + 2.75% maturing March 26, 2028.
- Instrument
- term loan
- Principal
- $704.6 million
- Counterparty
- Bank of America, N.A.
- Rate
- SOFR + 2.75%
- Maturity
- March 26, 2028
- Event
- amendment
Exact text from the filing
a permitted refinancing of the entire outstanding amount under the Credit Agreement and incurred new Term B-2 Loans (the “ New Term Loans ”) in the aggregate principal amount of $704.6 million. The proceeds from the New Term Loans were used in their entirety to prepay in full the then outstanding principal amount of the existing term loan under the Credit Agreement. In
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VERRA MOBILITY Corp amended Amendment No. 3 with Bank of America, N.A., as administrative agent and collateral agent valued at $704.6 million (effective 2024-02-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent and collateral agent
- Value
- $704.6 million
- Effective
- 2024-02-08
Exact text from the filing
On February 8, 2024, Greenlight Acquisition Corporation (“ Holdings ”), VM Consolidated, Inc. (formerly known as ATS Consolidated, Inc.), American Traffic Solutions, Inc., and LaserCraft, Inc. (collectively, the “ Borrowers ”), as well as American Traffic Solutions Consolidated, L.L.C., ATS Processing Services, L.L.C., Auto Tag of America LLC, Auto Titles of America LLC, Highway Toll Administration, LLC, Verra Mobility Electrical Enterprises, Inc., Mulvihill ICS, Inc., PlatePass, L.L.C., Sunshine State Tag Agency LLC, Redflex Traffic Systems, Inc., T2 Systems Parent Corporation, T2 Holding Corp., T2 Systems, Inc., American Traffic Solutions, L.L.C., and Citation Collection Services LLC (collectively, the “ Subsidiary Guarantors ”), each a wholly‐owned subsidiary of Verra Mobility Corporation (the “ Company ”), entered into Amendment No. 3 (the “ Amendment ”) to the Amended and Restated First Lien Term Loan Credit Agreement dated as of March 26, 2021 (as amended, the “ Credit Agreement
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