---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-192015"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T03:53:50.610376+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# VSE issues 2.475M shares at $48.50 to repay revolving credit facility

## Summary
- Priced public offering of 2,475,000 shares of common stock at $48.50 per share; underwriters have 30-day option for 371,250 additional shares.
- Net proceeds estimated at $112.7M ($129.6M if overallotment exercised), used mainly to repay outstanding borrowings under revolving credit facility.
- Underwriting agreement with RBC Capital Markets and William Blair as representatives; customary lock-up agreements with officers, directors, and affiliates for 90 days.
- Offering made under existing effective shelf registration statement (Form S-3); proceeds also for general corporate purposes after debt repayment.
- Expected dilution of roughly 20% based on prior outstanding shares; priced at $48.50 reflecting market conditions.

## SEC filing metadata
- accession: 0001193125-23-192015
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000119312523192015/0001193125-23-192015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000119312523192015/d531514d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-192015
- JSON: https://secwatch.observer/filing/0001193125-23-192015.json
- Plain text: https://secwatch.observer/filing/0001193125-23-192015.txt

## Key facts
- Material Agreements
  VSE CORP entered into Underwriting Agreement with RBC Capital Markets, LLC and William Blair & Company, L.L.C., acting as representatives of the several underwriters named therein valued at approximately $112.7 million (effective 2023-07-19).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: RBC Capital Markets, LLC and William Blair & Company, L.L.C., acting as representatives of the several underwriters named therein
  - Value: approximately $112.7 million
  - Effective: 2023-07-19
  source text: On July 19, 2023, VSE Corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with RBC Capital Markets, LLC and William Blair & Company, L.L.C., acting as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell (the “Offering”) 2,475,000 shares (the “Firm Shares”) of the Company’s common stock, par value $0.05 per share (the “Common Stock”), at a price to the public of $48.50 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000119312523192015/0001193125-23-192015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.