secwatch / observer
8-K filed May 7, 2026, 7:59 PM ET ticker VSEC CIK 0000102752
M&A confidence high sentiment positive materiality 0.85

VSE CORP (VSEC): M&A transaction — VSE completes $2.025B acquisition of Precision Aviation Group; 2025 revenue pro forma +50%

VSE CORP

item 2.01item 1.01item 2.03item 7.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VSE CORP amended revolving credit of $500.0 million at Term SOFR Rate plus 1.25%-2.25% or ABR plus 0.25%-1.25% maturing May 2, 2030.

Instrument
revolving credit
Principal
$500.0 million
Rate
Term SOFR Rate plus 1.25%-2.25% or ABR plus 0.25%-1.25%
Maturity
May 2, 2030
Event
amendment
Exact text from the filing
(ii) an upsize to the Company's existing senior secured revolving credit facility from $400.0 million to $500.0 million
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VSE CORP incurred term loan of $900.0 million at Term SOFR Rate plus 2.00% or ABR plus 1.00% maturing May 5, 2033.

Instrument
term loan
Principal
$900.0 million
Rate
Term SOFR Rate plus 2.00% or ABR plus 1.00%
Maturity
May 5, 2033
Event
incurrence
Exact text from the filing
The First Amendment provides for, among other things, (i) a new senior secured term loan B facility in an aggregate principal amount of $900.0 million
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

VSE CORP completed an acquisition involving GenNx360 PAG Buyer, LLC (Seller) for $2.025 billion (closed 2026-05-05).

Action
acquisition
Counterparty
GenNx360 PAG Buyer, LLC (Seller)
Consideration
$2.025 billion
Closing
2026-05-05
Exact text from the filing
On May 5, 2026, pursuant to the Purchase Agreement, VSE acquired all of the capital stock of PAG HoldCo from the Seller for an up-front consideration equal to $2.025 billion
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

VSE CORP entered into Lock-Up Agreements with Seller (effective 2026-05-05).

Action
entry
Counterparty
Seller
Effective
2026-05-05
Exact text from the filing
On May 5, 2026, in connection with the Closing, VSE and Seller entered into (i) a lock-up agreement covering the shares to be issued to Seller pursuant to the Exchange Agreement (the “Closing Lock-Up Agreement”) and (ii) a lock-up agreement covering any shares to be issued to Seller pursuant to the Purchase Agreement as an Earnout Payment (as defined herein) (the “Earnout Lock-Up Agreement”
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

VSE CORP entered into Exchange Agreement with Rollover Purchaser and Seller (effective 2026-05-05).

Action
entry
Agreement
credit facility
Counterparty
Rollover Purchaser and Seller
Effective
2026-05-05
Exact text from the filing
On May 5, 2026, in connection with the Closing, VSE, Rollover Purchaser and Seller entered into an exchange and redemption agreement (the “Exchange Agreement”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VSE CORP amended First Amendment with Citizens Bank, N.A., as revolver administrative agent and collateral agent, and Royal Bank of Canada, as term loan B agent valued at $900.0 million (effective 2026-05-05).

Action
amendment
Agreement
credit facility
Counterparty
Citizens Bank, N.A., as revolver administrative agent and collateral agent, and Royal Bank of Canada, as term loan B agent
Value
$900.0 million
Effective
2026-05-05
Exact text from the filing
On May 5, 2026, the Company, as the borrower, and its domestic wholly owned subsidiaries, as guarantors (collectively, together with the Company, the “Loan Parties”), entered into a first amendment (the “First Amendment”) to its existing senior secured credit agreement, dated as of May 2, 2025 (as amended and restated, supplemented or otherwise modified, the “Credit Agreement”), with certain banks and financial institutions as lenders (the “Lenders”), Citizens Bank, N.A., as revolver administrative agent and collateral agent, and Royal Bank of Canada, as term loan B agent
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

VSE CORP entered into Registration Rights Agreement with Seller (effective 2026-05-05).

Action
entry
Counterparty
Seller
Effective
2026-05-05
Exact text from the filing
On May 5, 2026, in connection with the Closing, VSE and Seller entered into a registration rights agreement (the “Registration Rights Agreement”)
View on SEC.gov

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VSE CORP filing history →

Source: SEC EDGAR
accession 0001193125-26-210245
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