Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
VERRA MOBILITY Corp amended credit facility of $150 million senior secured asset-based revolving credit facility with Bank of America, N.A. at SOFR plus a margin ranging from 1.25% to 1.75% or a base rate plus a margin rang maturing October 17, 2030.
- Instrument
- credit facility
- Principal
- $150 million senior secured asset-based revolving credit facility
- Counterparty
- Bank of America, N.A.
- Rate
- SOFR plus a margin ranging from 1.25% to 1.75% or a base rate plus a margin rang
- Maturity
- October 17, 2030
- Event
- amendment
Exact text from the filing
The ABL Credit Agreement provides for a $150 million senior secured asset-based revolving credit facility with a $35 million sublimit for the issuance of letters of credit (the “ ABL Facility ”), and matures on October 17, 2030
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.85
VERRA MOBILITY Corp amended term loan of Term Loan Agreement to refinance existing senior secured term loans in an aggregate outstanding principal amount o with Bank of America, N.A. at not provided maturing not provided.
- Instrument
- term loan
- Principal
- Term Loan Agreement to refinance existing senior secured term loans in an aggregate outstanding principal amount o
- Counterparty
- Bank of America, N.A.
- Rate
- not provided
- Maturity
- not provided
- Event
- amendment
Exact text from the filing
Holdings, VM Consolidated, certain U.S. subsidiaries of VM Consolidated, as borrowers (collectively with VM Consolidated, the “ Term Loan Borrowers ”), and certain other U.S. subsidiaries of VM Consolidated, as subsidiary guarantors (the “ Term Loan Guarantors ”), entered into the Amendment and Restatement Agreement No. 2 (the “ Restatement Agreement ”) to the Amended and Restated First Lien Term Loan Credit Agreement dated as of March 26, 2021
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