secwatch.observer — SEC 8-K summary
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Issuer:     V2X, Inc. (VVX)
CIK:        0001601548
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001601548-23-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

V2X subsidiary enters $750M credit facility to refinance existing debt
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- $250M term loan A and $500M revolving credit facility, maturing Feb 28, 2028.
- Proceeds used to refinance existing first lien term B loans, second lien loans, and ABL facility.
- Interest rate: SOFR + 2.00%-3.25% or base rate + 1.00%-2.25%, with 0.0% floor.
- Financial covenants: min interest coverage ratio and max secured net leverage ratio.
- Credit facilities are senior secured obligations, secured by substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1601548/000160154823000014/0001601548-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1601548/000160154823000014/vec-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001601548-23-000014

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