debt
confidence high
sentiment positive
materiality 0.75
V2X refinances $906.6M term loans; new loans mature 2030
V2X, Inc.
- New term loans of $906.6M replace existing term loans; maturity extended to Dec 6, 2030.
- Interest rate: SOFR + 2.75% (floor 0.75%) or base rate + 1.75%.
- Quarterly amortization of 1% per annum; voluntary prepayment allowed without premium except repricing events.
- Royal Bank of Canada provides $220.3M additional commitment and acts as administrative agent.
- Amendment effective May 30, 2024; conditions include no default and solvency certificate.